We recommend that, to retain the relevance of IFRS for stakeholders:
IASB’s resource allocation reflects the importance of digital reporting, emerging issues, and interaction with any future sustainability standards board.
Climate-related risks, intangibles, and statement of cash flows are added to IASB’s 2022 - 2026 work plan.
IASB focuses on its core mission of developing IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world, and considers pausing the second comprehensive review of IFRS for SMEs and management commentary projects.
Thank you to all who participated in this project.