In October 2010, the IASB and the US-based Financial Accounting Standards Board (FASB) each published a document requesting views from stakeholders about the time and effort that will be involved in adopting several new standards and when those standards should be effective. At the 2 March 2011 meeting, the staff presented a summary of the feedback received. In view of the limited numbers of responses received from users and, for the FASB, private entities, the boards directed the staff to undertake further outreach activities from these groups.
To help facilitate this outreach, the staff prepared a short, 5-10 minute survey. The staff requests that this survey be completed by Friday 6 May 2011.
This survey requests feedback from investors regarding questions on the potential effective dates and transition methods of the following projects – Accounting for Financial Instruments, Leases, Revenue Recognition, and Accounting for Insurance Contracts.
MORE ARTICLES ON ACCOUNTING STANDARDS