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Updated IASB Work Plan — Analysis (December 2020 Meeting)

  • IFRS - IASB Image

Dec 18, 2020

Following the IASB's December 2020 meeting, we have analyzed the IASB work plan to see what changes have resulted from the meeting and what other de­vel­op­ments have occurred since the work plan was last revised in November 2020.

Below is an analysis of all changes made to the work plan since our last analysis on November 20, 2020.  

 Stan­dard-set­ting projects

 Main­te­nance projects

 Research projects

  • Business com­bi­na­tions under common control — a dis­cus­sion paper was published on November 30, 2020 and the feedback on the dis­cus­sion paper is expected to be discussed in the second half of 2021.
  • Ex­trac­tive ac­tiv­i­ties— a decision on the project direction is now expected in the second quarter of 2021 (pre­vi­ously first quarter of 2021).
  • Pension benefits that depend on asset returns — the review of the research was first discussed at the IASB's December 2020 meeting and detailed analysis is expected in February 2021.
  • Post-im­ple­men­ta­tion review of IFRS 10, IFRS 11 and IFRS 12— the request for in­for­ma­tion was published on December 9, 2020 and dis­cus­sion of the feedback is expected to begin in the second half of 2021.
  • Post-im­ple­men­ta­tion review of IFRS 9 — Clas­si­fi­ca­tion and Mea­sure­ment— the request for in­for­ma­tion is expected in the second half of 2021 (previously not specified).
  • Second com­pre­hen­sive review of the IFRS for SMEs Standard — this is the new name of the 2019 Com­pre­hen­sive Review of the IFRS for SMEs Standard project, which has also been re­cat­e­gorized from main­te­nance project to research project; after the IASB's dis­cus­sion of the feedback to the request for in­for­ma­tion at its December 2020 meeting, a decision on the direction of the project expected in the first quarter of 2021.

 Other projects

The above is a faithful com­par­i­son of the IASB work plan at November 20, 2020 and December 18, 2020. For access to the current IASB work plan at any time, please click here.


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