IASB updates work plan
Jul 20, 2016
On July 20, 2016, the International Accounting Standards Board (IASB) released its updated work plan.
Changes to the work plan include:Changes to the work plan include:
Research projects
- Disclosure initiative: Principles of Disclosure: Updated to indicate that the discussion paper is expected in October/November 2016.
Standard-setting and related projects (major projects)
- Disclosure initiative: Materiality Practice Statement: Updated to indicate that a decision on the direction of the project is now expected within 3 months; previously it was within 6 months
- Amendments to IFRS 4: Applying IFRS 9 with IFRS 4: Updated to indicate that the final amendments are now expected within 3 months (September)
Implementation projects (narrow scope amendments)
- Changes in Accounting Policies and Estimates: Updated to indicate that an exposure draft is now expected within 6 months
- Definition of a Business and Accounting for Previously Held Interests: Updated to indicate that the project is currently in the public consultation phase with a decision on the direction of the project to occur after 6 months
- Annual improvements 2014–2016: Updated to indicate that the project is currently in the drafting phase and the amendments are expected within 6 months
- Annual improvements 2015–2017: Updated to indicate that the project is currently in the drafting phase and an exposure draft is expected within 6 months.
The revised IASB work plan is available on the IASB's website.
Related Topics
- Amendments to IFRS 4: Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts [Completed]
- Annual Improvements to IFRSs 2015-2017 Cycle [Completed]
- Annual Improvements to IFRSs 2014-2016 Cycle [Completed]
- Definition of a Business (Amendments to IFRS 3) [Completed]
- Accounting Policies and Accounting Estimates (Potential Amendments to IAS 8) [Completed]
- Disclosure initiative — Principles of disclosure [Completed]
- Disclosure initiative — Materiality [Completed]
- Previously Held Interests in a Joint Operation (Amendments to IFRS 3 and IFRS 11) [Completed]