IFRS® Accounting Standards

Third Agenda Consultation

Summary

The Accounting Standards Board (AcSB) is submitting a response to assist the International Standards Board (IASB) in forming its proposed strategic direction and work plan for the 2022-2026 period.

The IASB is required to undertake a public consultation on its work plan every five years.

The primary objective of the review is to obtain stakeholder feedback on:

the strategic direction and balance of the IASB’s activities;
the criteria for assessing the priority of financial reporting issues that may be added to the IASB’s work plan; and
financial reporting issues that should be given priority in the IASB’s work plan.

Staff Contact(s)

Matthew Bishop, CPA, CA Principal, Accounting Standards Board

+1 647 264 7070

[email protected]

Project Status

Information gathering

Initiated in September 2019 and completed in 2020.
Approving project

Finalizing the Request for Information for publication in March 2021.
Engaging Communities

The IASB published the Request for Information Third Agenda Consultation on March 30, 2021.

The AcSB conducted outreach with stakeholders on the IASB’s Request for Information, Third Agenda Consultation starting in May 2021

Stakeholders are encouraged to respond with their comments by September 27, 2021.
Deliberating feedback

The IASB deliberated comments on their Request for Information, Third Agenda Consultation

In July 2022, the IASB published a feedback statement summarizing the feedback on their Request for Information and their work plan for 2022 to 2026
Final pronouncement

News

October 26, 2021

News

AcSB Response – Third Agenda Consultation

On September 24, 2021, the AcSB responded to the IASB’s Request for Information, "Third Agenda Consultation", issued in March 2021. The AcSB’s letter comments on the IASB’s overall strategic direction and identifies and describes the financial reporting topics it thinks the IASB should prioritize over the next five years, including climate-related risks, cryptocurrencies, the statement of cash flows, and intangible assets. Read our letter to find out more!

April 15, 2021

International Activity

IASB Request for Information – Third Agenda Consultation

The IASB recently issued its Request for Information, "Third Agenda Consultation" to seek views on what its priorities should be over the next five years. Have your say and help shape the IASB’s work plan for 2022 to 2026. Respond directly to the IASB by September 27, 2021, or share your feedback with the AcSB, and we will consider your comments prior to finalizing our comment letter. Stay tuned to the project page for updates and upcoming stakeholder outreach opportunities!

Meeting & event summaries

September 30, 2021

AcSB Decision Summary – September 15-16, 2021

The AcSB discussed its draft response letter to the IASB’s Request for Information, “Third Agenda Consultation,” and provided staff with comments to incorporate into the final letter. The Board encourages stakeholders to share their views on the Request for Information by submitting their response letters to the IASB by September 27, 2021, with a copy to the AcSB.

August 4, 2021

AcSB Decision Summary – July 21-22, 2021

The AcSB discussed the key points to include in its response letter to the IASB’s Request for Information, “Third Agenda Consultation.” As part of the discussion, the AcSB considered stakeholder feedback obtained through its outreach on this project, including a targeted user event.

The AcSB encourages stakeholders to share their views on the Request for Information by submitting comment letters to the IASB by September 27, 2021, with a copy to the AcSB. The Board will be finalizing its response letter to the IASB at its meeting in September 2021. If respondents would like the Board to consider their comments when drafting its letter to the IASB, they should submit their response letters to the AcSB before September 10, 2021.

May 13, 2021

AcSB Decision Summary – May 5, 2021

The AcSB received education sessions on the International Accounting Standard Board’s (IASB) Request for Information, “Third Agenda Consultation,” and the Exposure Draft, “Disclosure Requirements in IFRS Standards—A Pilot Approach (Proposed amendments to IFRS 13 and IAS 19).” The Board discussed plans to respond to the Request for Information and the Exposure Draft. The Board requested staff to assess the extent of outreach it will undertake on these projects, including a coordinated approach that includes the forthcoming AcSB Draft Strategic Plan and the demands that will be placed on stakeholders.

Stakeholders are encouraged to monitor the AcSB’s website for opportunities to share feedback on the Request for Information and the Exposure Draft. Response letters to the IASB (with a copy to the AcSB) are due on September 27, 2021, for the Request for Information and October 21, 2021, for the Exposure Draft.