Updated IASB work plan — Analysis
Mar 23, 2017
On March 23, 2017, the International Accounting Standards Board (IASB) updated its work plan following its March 2017 meeting. It reveals that the discussion paper on the principles of disclosure and proposed amendments to IFRS 8 resulting from the post-implementation review are expected next week.
Below is an analysis of all changes made to the work plan since the last update in February 2017.
Research projects
- Disclosure initiative: Principles of Disclosure — the discussion paper is now expected in March (which, given the month is almost over, translates into "next week")
Standard-setting and related projects
- Disclosure initiative: Materiality (practice statement) — the expected publication of the practice statement has moved forward and is now given as June 2017
- Disclosure initiative: Materiality (amendments to IAS 1 and IAS 8) — the expected publication of proposed amendments has also moved to June 2017
Narrow-scope amendments
- Improvements to IFRS 8 resulting from the post-implementation review of IFRS 8 — no change in timing, but the expected publication of an exposure draft in March also means it will be published next week
Interpretations
- IAS 12 — Accounting for uncertainties in income taxes — the expected publication of a final interpretation has moved forward and is now given as June 2017
Post-implementation reviews
- Post-implementation review of IFRS 13 — the expected publication of a request for information has moved forward and is now given as May 2017
The revised IASB work plan is available on the IASB's website.