BDO submits comment letter to IASB on Request for Information – Third Agenda Consultation

BDO has submitted a comment letter to the IASB on the Request for Information for IASB’s Third Agenda Consultation.

The comment letter supports IASB’s main areas of focus. The comment letter considers the following potential projects to be of high priority:

Large projects:

• Intangible assets, including cryptocurrency and related transactions
• Statement of cash flows and related matters

Medium projects:

• Climate-related risks
• Going concern
• Variable and contingent consideration

BDO has also suggested that a review is carried out of IFRS Interpretations Committee (Committee) Agenda Decisions to identify those agenda decisions where the Committee did not add an issue to its agenda because it might be addressed by an existing Board project, but the project was not ultimately completed or did not address the issue raised with the Committee. Consideration then can be given to whether and how the issues identified might now be dealt with.

The comment letter may be accessed here.