CHAPTER SIX

Future plans

Planning and research

Future plans and research are fundamental to the necessary, contemporary nature of IFRS in order to keep them current and relevant to new business conditions.

The IASB has a huge work plan for standards and interpretations in relation to the following segments:

• Agenda consultation (three-yearly public consultation);
• Financial crisis-related projects;
• Memorandum of Understanding projects;
• Other projects.

For more information on the current IASB work plan, see www.ifrs.org/Current+Projects/IASB+Projects/IASB+Work+Plan.htm.

IASB Agenda

Directly related to plans and research is the IASB agenda for assorted projects. This involves a number of important items, such as:

• IASB meeting dates/agendas
• IASB past meetings
• IASB comment deadlines
• Project timetable
• Agenda consultation
• Active agenda projects
• Research projects
• Technical corrections
• Completed projects
• G4 + 1 projects
• XBRL
• Internet reporting
• Sustainability reporting
• Islamic accounting.

For details about the IASB agenda, see www.iasplus.com/en/projects.