Ongoing research
The IASB discussed its ongoing research programme in April. The programme aims to identify issues earlier and create a better basis for standard setting. The programme currently has nine short and medium term projects and four longer term projects.
The IASB specifically discussed the next steps for the project on Financial Instruments with Characteristics of Equity. The timetable sets an aggressive target to issue a discussion paper by the end of 2014 at the same time as an exposure draft on the Conceptual Framework Project.
IFRS Research Centre
The IASB announced the IFRS research centre to facilitate communication between the IASB and the research community. The objectives set out are to:
- increase awareness of the issues that the IASB will be considering in the coming two to three years,
- encourage researchers to undertake targeted research projects in these areas, and
- support the IASB in moving to more evidence-based standard-setting.
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