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“The IAASB understands the importance of addressing matters of global and long-term relevance across the broad range of services covered by its international standards. We also recognise that we need to strike a balance between developing new and revised standards to further enhance practice, and taking steps to support continued global implementation of existing standards, including by small- and medium-sized practices”, said Prof. Arnold Schilder, IAASB Chairman. “Accordingly, this survey asks for views on emerging developments and trends that are likely to be important in the public interest, as well as specific areas of focus for development of standards and related guidance. It also asks for input on the appropriate balance between setting new and revised standards and facilitating their adoption and effective implementation”.
The survey also asks for feedback on the appropriateness of the IAASB changing its future strategy period to five years, (2015–2019), instead of three years as it has done in the past. The IAASB believes that extending its strategy period will enable stakeholders to better understand its medium- to longer-term priorities, and provide a suitable context for decisions on specific initiatives.
Responses to the survey will inform the development of a formal consultation paper on the IAASB’s Strategy and Work Program for the period commencing 2015. The consultation paper is scheduled to be issued in late 2013.