Updated IASB work plan — Analysis
May 25, 2018
Following the IASB's May 2018 meeting, we have analysed the IASB work plan to see what changes have resulted from the meeting and other developments in May. Changes are minor.
Below is an analysis of all changes made to the work plan since our last analysis on April 30, 2018.
Maintenance project
- Classification of Liabilities (Proposed Amendments to IAS 1) [ED] – The IASB now expects to decide the project direction in Q3/2018. Previously the final amendments to IAS 1 were to have been issued in the second half of 2018.
- Definition of a Business, proposed amendments to IFRS 3 [ED] – The IASB now expects to issue the final amendments to IFRS 3 in the second half of 2018. Previously they were to have been issued in June 2018.
- Lease incentives (amendments to IFRS 16 Illustrative Examples) — Added project to work plan as part of the Annual Improvements to IFRSs 2017-2019 Cycle [Research]; previously no milestone or expected date was listed.
Research project
- Discount Rates [Research] – The IASB now expects to issue the research summary in Q3/2018. Previously it was to have been issued in June 2018.
- Goodwill and Impairment [Research] - The IASB has removed the expected date of issuing a discussion paper or exposure draft. Previously the date was shown as the second half of 2018.
- Management Commentary (Wider corporate reporting) [Research] – The IASB now expects to issue an exposure draft in 2020. Previously no expected date was listed.
- Share-based payments, potential amendments to IFRS 2 [Completed] – The IASN now expects to issue a research summary in Q3/2018. Previously it was to have been issued in June 2018.
Other projects
- IFRS Taxonomy Update – Common Practice (IFRS 13) – The IASB now expects to issue the proposed update in Q3/2018. Previously, it was to have been issued in June 2018.
The revised IASB work plan is available on the Board's website.