Updated IASB work plan — Analysis
Mar 21, 2019
On March 21, 2019, the International Accounting Standards Board (the Board) updated its work plan following its March 2019 meeting.
Below is an analysis of all changes that were made to the work plan since our last analysis on February 11, 2019.
Standard-setting projects
- No changes
Maintenance projects
- Accounting Policies and Accounting Estimates (Amendments to IAS 8) — The expected date when the Board will decide on the project’s direction was removed.
- Classification of Liabilities as Current or Non-current (Amendments to IAS 1) — An IFRS amendment is now expected in the second half of 2019.
- Disclosure initiative — Accounting policies — An exposure draft is now expected in the second half of 2019.
- IBOR reform and its effects on financial reporting — An exposure draft is now expected in May 2019.
- Improvements to IFRS 8, Operating Segments (Amendments to IFRS 8 and IAS 34) — This maintenance project is no longer on the work plan.
Research projects
- Disclosure initiative — Principles of disclosure — This research project is no longer on the work plan.
- Discount rates — This research project is no longer on the work plan.
- Financial instruments with characteristics of equity — The decision to decide this research project’s direction is now expect in the second half of 2019.
- Subsidiaries that are SMEs — This research project has been added to the work plan and a review of the research conducted is expected in the second half of 2019.
Other projects
- IFRS taxonomy update — 2018 general improvements — A final update is expected in March 2019.
The revised IASB work plan is available on the Board's website.