Before providing our response to the detailed questions, we wish to make some overall comments on our views of the current status of the IASB process and its Agenda.
The Board is concluding major projects in such important areas as accounting for revenue, leases and financial instruments which affect almost all preparers and a very important industry-specific project related to insurance activities. Our member companies continue to spend a considerable amount of time and resources in preparing for these new standards. As a result our members would welcome a period of stability with relatively few changes in order to allow our members to consolidate their understanding and application of IFRS.
Comment Letter on the Request for Views on the 2015 Agenda Consultation (PDF)
