The International Accounting Standards Board (IASB) has published its agenda consultation, seeking views on the strategic direction and the broad overall balance of the IASB's work plan. Comments are being sought until 30 November 2011.
The Trustees of the IFRS Foundation, the body that overseas the IASB, introduced the concept of an agenda consultation every three years in response to comments it received during its Consitution Review.
The agenda consultation aims to provide a channel for the public to input on the IASB's work plan, the issues it should address and comment on the board's strategic direction – all with the end goal of enhance the IASB's public accountability.
The Quoted Companies Alliance Financial Reporting Committee is considering this paper and will be submitting a response.