IASB future agenda – 5 themes summarised

5 themes from IASB public consultation on its future agenda, summarised as follows:

1) After 10 years of continuous change in financial reporting, a period of relative calm is needed;

2) Unanimous support to prioritise work on Conceptual Framework;

3) Targeted improvements to respond to needs of new adopters of IFRS;

4) Greater attention to implementation and maintenance of the Standards;

5) The way in which the IASB develops new Standards can be improved.

For full IASB press release visist http://www.ifrs.org/Alerts/ProjectUpdate/Pages/Agenda-Consultation-Feedback-statement-Dec-2012.aspx

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