IASB publish Feedback Statement subsequent to its Agenda Consultation 2021

Today, the IASB has published a Feedback Statement and Snapshot about its Third Agenda Consultation.

This Feedback Statement summarises the IASB’s priorities for the next five years and also explains the reasons for the IASB’s decisions and shows how the IASB responded to the extensive feedback from its diverse stakeholders. This feedback, obtained via a public consultation in 2021, has helped to shape the IASB’s activities and work plan.

The three main priorities are:

• basically maintaining unchanged the strategic direction and balance of the IASB’s activities while increasing slightly efforts to develop digital financial reporting and improving the understandability and accessibility of IFRS Accounting Standards;
• progressing projects from the current work plan; and
• adding three new projects (which are: intangibles, statement of cash flows and climate-related risk in financial statements) to the work plan.

The IASB conducts an agenda consultation every five years to decide how to balance its various activities and determine its priorities.