Wednesday, 2 January 2013

IASB identifies future priorities including the Conceptual Framework project

The International Accounting Standards Board has published a feedback statement in which its future priorities are explained: see here (pdf). The statement follows a period of consultation which began in July 2011 and identifies five broad themes to emerge from the consultation, including almost unanimous support for the IASB to prioritise work on the recently restarted Conceptual Framework project. In this regard, the IASB has stated that a discussion paper will be published in June this year with the aim of finalising new sections of the Conceptual Framework by September 2015.

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