Updated IASB and ISSB work plan — Analysis (April 2022)
Apr 29, 2022
On April 29, 2022, the International Accounting Standards Board (IASB) updated its work plan following its April 2022 meeting. The work plan now also lists the projects of the ISSB.
Below is an analysis of all changes made to the work plan since our last analysis on March 28, 2022.
Standard-setting projects
- Climate-related disclosures — An ISSB project newly added to the workplan; feedback on the exposure draft will be discussed in H2 2022
- Disclosure initiative — Subsidiaries without public accountability: Disclosures — The IASB has now discussed the feedback to the exposure draft; the next project step will be a decision on the project direction expected in June 2022
- General sustainability-related disclosures — An ISSB project newly added to the workplan; feedback on the exposure draft will be discussed in H2 2022
- Management commentary — The IASB has now discussed the feedback to the exposure draft; the next project step will be a decision on the project direction (no date given)
- Second comprehensive review of the IFRS for SMEs — An exposure draft is now expected in Q3 2022 (previously H2 2022)
Maintenance projects
- Lease liability in a sale and leaseback — Final amendments are now expected in Q3 2022 (previously H2 2022)
- Non-current liabilities with covenants — Exposure draft feedback is now expected in June 2022 (previously Q2 2022)
- Supplier finance arrangements — Exposure draft feedback is now expected in June 2022 (previously Q2 2022)
Research projects
- Pension benefits that depend on asset returns — A concluding project summary has been published and the project has, therefore, been removed from the work plan
- Post implementation review of IFRS 10, IFRS 11, and IFRS 12 — A feedback statement is now expected in June 2022 (previously Q2 2022)
Other projects
- no changes
The revised IASB work plan is available on the Board's website.