IASB issues work plan update
Mar 26, 2015
On March 26, 2015, following its March meeting, the International Accounting Standards Board (IASB) has published a new work plan. We summarize the changes for you, which also included changes the IASB made to the February 24 work plan after it was published. Most notable changes are delays in the Conceptual Framework project and in the Principles of disclosure project as well as a new project on Clarifications to IFRS 15.
- IAS 1 — Classification of liabilities, IFRS 13 — Unit of account, and
- IAS 12 — Recognition of deferred tax assets for unrealized losses.
As regards research projects, board discussions on Disclosure initiative — Disclosure review will extend into the second quarter of 2015 now. Also, new projects have tentatively been introduced on the definition of a business and goodwill.
The revised IASB work plan (dated March 24, 2015) is available on the IASB's website.