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.