IASB and FASB published a document requesting views from stakeholders on the time and effort involved in adopting several new standards and their effective dates. In view of the limited number of responses received, the boards directed the staff to undertake further outreach activities.
The document was published in October 2010. At the 2 March 2011 meeting, the staff presented a summary of the feedback received. In view of the limited numbers of responses received from users and, for the FASB, private entities, the boards directed the staff to undertake further outreach activities from these groups.
To help facilitate this outreach, the staff prepared a short, 5-10 minute survey. The staff requests that this survey be completed by Friday 6 May 2011.
This survey requests feedback from investors regarding questions on the potential effective dates and transition methods of the following projects – Accounting for Financial Instruments, Leases, Revenue Recognition and Accounting for Insurance Contracts.
Press release
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