Updated IASB work plan — Analysis (December 2021)
Dec 17, 2021
On December 17, 2021, the International Accounting Standards Board (IASB) updated its work plan following its December 2021 meeting.
Below is an analysis of all changes made to the work plan since our last analysis on November 23, 2021.
Standard-setting projects
- Rate-regulated activities—Project is now in the IFRS Standard phase, no expected timeline is given.
Maintenance projects
- Availability of a Refund (Amendments to IFRIC 14)— Decision on the direction of the project is expected in February 2022 (previously no date given).
- Initial Application of IFRS 17 and IFRS 9 — Comparative Information (Amendment to IFRS 17)— Removed from work plan since the issuance of final amendments.
- Lease Liability in a Sale and Leaseback— Project is now in the IFRS amendment phase, no expected timeline is given.
Research projects
- Business Combinations under Common Control — Discussion on feedback from discussion paper is now expected in January 2022 (previously December 2021).
- Dynamic Risk Management — Decision of the direction of the project is expected in Q2 2022 (previously Q1 2022).
- Goodwill and Impairment —Decision of the direction of the project is expected in H2 2022 (previously Q2 2022).
- Pension Benefits that Depend on Asset Returns —Project summary is now expected in Q2 2022 (previously H1 2022).
Other projects
- IFRS Taxonomy Update — Amendments to IAS 1, IAS 8 and IFRS Practice Statement 2 — IFRS Taxonomy Update is now expected in February 2022 (previously December 2021).
- IFRS Taxonomy Update — Initial Application of IFRS 17 and IFRS 9 — Comparative Information— Feedback on proposed update is expected in February 2022.
- Third Agenda Consultation — Feedback statement is expected in H2 2022.
The revised IASB work plan is available on the Board's website.