Draft Comment Letter published: IASB Third Agenda Consultation

The UK Endorsement Board (UKEB) has published its Draft Comment Letter in response to the IASB’s Third Agenda Consultation Request for Information.

The Draft Comment Letter recommends that IASB:

1. Retains sufficient flexibility in its work plan to address the interaction between IFRS and any future international sustainability standards to be developed by the ISSB
2. Allocates more resource to digital financial reporting
3. Includes in its work on Standards development a structured and cohesive research programme to anticipate emerging issues
4. Adds three large-scope high-priority projects to its work plan: climate-related risk, intangibles, and statement of cash flows and related matters
5. Takes a cross-standard approach to the climate-related risk and intangibles projects to support efficiency and consistency
6. Considers whether it should pause or rationalise certain projects on its current work plan

The UKEB will consider all stakeholder feedback received by 31 August 2021 for inclusion in its final comment letter to the IASB. Feedback can be sent to agendaconsultation@endorsement-board.uk

Link to Draft Comment Letter

Link to the Invitation to Comment and the Your Details document:

For more information on the proposals and the UK Endorsement Board’s approach to this project, please see our website: Click here