Updated IASB and ISSB work plan — Analysis (January 2023)
Jan 30, 2023
Following the IASB's and ISSB's January 2023 meetings, we have analyzed the work plan on the IFRS Foundation website to see what changes have resulted from the meetings and other developments since the work plan was last revised in December 2022.
Below is an analysis of all changes made to the work plan since our last analysis on December 19, 2022.
Standard-setting projects
- Disclosure Initiative — Targeted Standards-level Review of Disclosures — The project summary is now expected in March 2023 (previously Q1 2023).
- Second comprehensive review of the IFRS for SMEs Accounting Standard — Feedback on the exposure draft is expected in Q2 2023 (previously H1 2023).
Maintenance projects
- Amendments to the classification and measurement of financial instruments — This project exposure draft is now expected in March 2023 (previously Q1 2023).
- International Tax Reform — Pillar Two Model Rules— Feedback on the exposure draft is expected by April 2023.
- Lack of exchangeability (amendments to IAS 21) — Final amendments to IAS 21 are expected in H2 2023 (previously H1 2023).
Research projects
- Equity Method— A decision on the project direction is expected in April 2023.
- Extractive Activities — A decision on the project direction is now expected in H2 2023 (previously Q2 2023).
- Post-implementation Review of IFRS 15— Request for information is expected in Q2 2023 (previously H1 2023).
- Post-implementation review — IFRS 9 (Classification and measurement) — Removed from the work plan since the release of the final project report and feedback statement concluded the project on December 21, 2022.
Strategy & governance projects
- ISSB Consultation on Agenda Priorities— Request for information is expected in Q2 2023 (previously H1 2023).
Other projects
- IFRS Sustainability Disclosure Taxonomy — The proposed IFRS Sustainability Disclosure Taxonomy is expected in H2 2023.
The above is a faithful comparison of the IASB and ISSB work plan at December 19, 2022 and January 30, 2023 respectively. For access to the current work plan at any time, please click here.