🧐 What’s the Big Deal?

The International Accounting Standards Board (IASB) has officially started discussions on its next agenda consultation, which will shape its technical strategy and work plan for 2027 and beyond. This public process allows stakeholders to have a say in setting the IASB’s strategic direction and ensuring that its priorities align with their needs. This marks the fourth agenda consultation by the IASB, a practice that has been in place since its inception.

🔍 Key Focus Areas

In this round of consultation, the IASB is seeking feedback on three main areas:

• The strategic direction and balance of its activities
• The criteria for assessing potential projects to be added to its work plan
• Financial statement matters to be prioritized

These focus areas are crucial as they will determine the IASB’s focus and efforts over the next few years.

🤝 Teaming Up with the ISSB

For the first time, the IASB’s agenda consultation will explicitly consider its connectivity with the International Sustainability Standards Board (ISSB). This is a big deal because the ISSB was established after the last agenda consultation. The IASB will outline the core connectivity work needed to ensure that IFRS Accounting Standards and IFRS Sustainability Disclosure Standards work seamlessly together. Stakeholders will also be asked to rank the priority of potential joint projects against other ongoing activities. This feedback will be instrumental when both boards decide on which projects to undertake.

📆 What’s Next?

The IASB plans to engage with its consultative groups and other stakeholders to develop the content for its public consultation. The formal consultation document, a request for information, is expected to be published in the fourth quarter of 2025. So, mark your calendars if you want to have your voice heard in shaping the future of international accounting standards.