Updated IASB work plan — Analysis
Sep 22, 2017
On September 22, 2017, the International Accounting Standards Board (IASB) updated its work plan following its September 2017 meeting. Changes mostly relate to pronouncements having been published, comment letter deadlines having ended, and clarifications of upcoming dates of issuing pronouncements.
Below is an analysis of all changes made to the work plan since our last analysis on July 21, 2017.
Standard-setting projects
- Conceptual Framework — the revised version of the Conceptual Framework is now expected in the first quarter of 2018 (was: fourth quarter of 2017)
- Disclosure initiative — Materiality — an ED on the definition of materiality and a practice statement on materiality were issued on 14 September; accordingly, the project on the practice statement was removed from the work plan; the ED is open for comment until 15 January 2018
Maintenance project
- Changes in accounting policies and estimates — the work plan reflects that the ED has been published
- Annual improvements 2015-2017 — final amendments are now expected in December 2017
- Clarifications arising from the post-implementation review of IFRS 8 — a feedback statement on the ED is expected in December 2017 (was: Q4 2017)I
- IAS 19 — Remeasurement at a plan amendment, curtailment or settlement — final amendments are now expected in December 2017 (was: first half of 2018)
- IAS 16 — Proceeds before intended use — a feedback statement on the ED is expected in December 2017
Research projects
- Business Combinations under Common Control — a discussion paper is now expected in the second half of 2018 (was: first half of 2018))
- Financial instruments with characteristics of equity — a discussion paper is now expected in the first half of 2018
- Post-implementation review — IFRS 13 — a feedback statement on the PIR is expected in December 2017
Other projects
- IFRS Taxonomy update for IFRS 17 — now expected in December 2017
The revised IASB work plan is available on the IASB's website.