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IASB issues work plan update

  • IFRS - IASB Image

May 05, 2015

On May 5, 2015, the International Accounting Standards Board released its updated work plan.

The revised plan narrows the expected issuance of the leases standard to the fourth quarter of 2015, shifts the expected issuance of an exposure draft for annual improvements 2014-2016 and redeliberations for classification and measurement of share-based payment transactions to the third quarter of 2015, and shows redeliberations for the disclosure initiative (amendments to IAS 7) project to occur in the second quarter of 2015. In addition, two projects have been added on the transfer of investment property, which has a target ED in the third quarter of 2015, and uncertainties in income taxes, which has a target draft interpretation in the second quarter of 2015.

Minor updates re­gard­ing the research pro­jects include:

  • Renaming of the general disclosure review project to “Standards—level review of disclosures” and setting board discussions to the fourth quarter of 2015.
  • Moving the target draft practice statement for the materiality project to the third quarter of 2015.
  • Initiating board discussions on Goodwill in the second quarter of 2015.

The revised IASB work plan is avail­able on the IASB's Web site.

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