IASB RFI – Third Agenda Consultation

  • For-profit

The International Accounting Standards Board (IASB) has recently published a Request for Information seeking views on what the financial reporting issues it should prioritise over the next 5 years. 

The IASB is also asking for views on the strategic direction and balance of its activities, for example: how much time it should spend on developing new IFRS Standards compared with supporting consistent application of existing IFRS Standards.

The feedback received will help the IASB determine its activities and work plan for 2022 to 2026.

Some of the IASB’s capacity from 2022 to 2026 will be allocated to completing projects already underway and to post-implementation reviews that assess whether recently issued IFRS Standards are working as intended. However, the IASB also expects to have capacity to take on some new projects.

The future activities and work plan of the IASB is important to New Zealand because the for-profit accounting standards issued by the XRB are based on IFRS Standards.


Consultation Document

RFI – Third Agenda Consultation

[link to IFRS Foundation website]


Commenting on the Request for Information

The New Zealand Accounting Standards Board (NZASB) encourages you to read the Request for Information and to comment on the proposals.

The deadline for comments to the NZASB is 7 July 2021 and to the IASB is 27 September 2021

You can respond to the RFI by filling in our online survey.

[This survey has now closed]

Or, you can send your comments—both formal and informal—to the NZASB using the upload form below.

We also encourage you to send comments directly to the IASB, with a copy to the NZASB. Your comments can be made electronically to the IASB website by clicking on the following link https://www.ifrs.org/projects/open-for-comment/. First-time users must register to submit electronically.  [insert the correct link]


Upload your submission here

Please use this secure online form.

It has been designed to make your upload safe, quick and easy. 

You can:

  • Upload an MS Word document (and a PDF file, if you wish); or
  • Write your comments below in the space provided.

You can upload up to TWO documents. 

Please note:

  • We would appreciate receiving a copy of your comments in electronic form (preferably Microsoft Word format).  This helps us to more efficiently collate and analyse comments. Please also specify the exposure draft number and title in your electronic file. 

  • Tell us on whose behalf you are making the comments (for example on behalf of a group or an entity).

  • We intend publishing all comments on the XRB website, unless they may be defamatory. If you have any objection to this, we will not publish them. However, they will remain subject to the Official Information Act 1982 and, therefore, may be released in part or in full. The Privacy Act 1993 also applies.

  • If you have an objection to the release of any information contained in your comments, we would appreciate you identifying the parts of your comments to be withheld, and the grounds under the Official Information Act 1982 for doing so (for example, that it would be likely to unfairly prejudice the commercial position of the person providing the information).