IBFed responds to IASB Agenda Consultation -30/11/11

30 Nov 2011

IBFed has responded to the IASB's Agenda Consultation 2011.
In the letter we suggested that the standards on impairment and hedging should be given the highest priority so they can be completed within the short term envisaged by the G20. We also noted that the Board should focus on enhancing the consistency of application of IFRS. In addition, we highlighted that enhancement of the Conceptual Framework is a prerequisite for setting standards that are principles based, internally consistent and internationally converged.
The IBFed letter is available here.