Updated IASB and ISSB work plan — Analysis (June 2022)
Jun 27, 2022
On June 27, 2022, the International Accounting Standards Board (IASB) updated its work plan following its June 2022 meeting. Some clarifications now also relate to ISSB projects.
Below is an analysis of all changes made to the work plan since our last analysis on May 30, 2022.
Standard-setting projects
- Climate-related disclosures — Feedback on the exposure draft will now be discussed in Q4 2022 (previously H2 2022)
- Disclosure initiative — Subsidiaries without public accountability: Disclosures — The IASB decided to publish a final accounting standard as next project step (no date given)
- Disclosure initiative — Targeted standards-level review of disclosures — Following the discussion received on the exposure draft, the IASB will decide on the project direction in Q3 2022
- Dynamic risk management — After deciding on the future direction of the project, the IASB will publish an exposure draft as next project step (no date given)
- General sustainability-related disclosures — Feedback on the exposure draft will now be discussed in Q4 2022 (previously H2 2022)
Maintenance projects
- Contractual cash flow characteristics of financial assets — This project has been moved from the standard-setting agenda to the maintenance agenda
- Lack of exchangeability — The entry of when a decision on the project direction is to be expected has been removed
- Non-current liabilities with covenants — After discussing the feedback received, the IASB decided to publish a final amendment as next project step in Q4 2022
- Supplier finance arrangements — Feedback on the exposure draft will now be discussed in July 2022 (previously June 2022)
Research projects
- Goodwill and impairment — A decision on the project direction is now expected in Q4 2022 (previously H2 2022)
- Post-implementation review of IFRS 10-12 — The project has been concluded by publishing a feedback statement and has therefore been removed from the work plan
Other projects
- IFRS Sustainability disclosure taxonomy — Feedback on the staff request for feedback will be now be discussed in Q4 2022 (previously H2 2022)
- IFRS Taxonomy update — 2022 General improvements and common practice — This project has been renamed from 2021 to 2022
The revised IASB work plan is available on the Board's website.