Updated IASB work plan — Analysis
Feb 19, 2021
On February 19, 2021, the International Accounting Standards Board (IASB) updated its work plan following its January 2021 supplementary meeting and February 2021 meeting.
Below is an analysis of all changes made to the work plan since our last analysis on January 29, 2021.
Standard-setting projects
- Management Commentary — The exposure draft is now expected in April 2021 (previously Q2 2021)
Maintenance projects
- Accounting Policies and Accounting Estimates — This project has been removed from the work plan since final amendments to IAS 8 were issued on 12 February 2021
- Disclosure Initiative — Accounting Policies — This project has been removed from the work plan since final amendments to IAS 1 and IFRS Practice Statement 2 were issued on February 12, 2021
- IFRS 16 and COVID-19 — Extension of practical expedient — Newly added to the work plan; the IASB issued an exposure draft od proposed amendments on February 11, 2021 and will discuss feedback to the exposure draft in March 2021
- Lack of Exchangeability (Amendments to IAS 21) — The exposure draft is now expected in April 2021 (previously March 2021)
Research projects
- Dynamic Risk Management — The discussion on the feedback of the core model is now expected in April 2021 (previously Q2 2021).
- Pension Benefits that Depend on Asset Returns — The review of the research is now expected in April 2021 (previously February 2021)
- Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12 — The request for information feedback is now expected in Q3 2021 (previously Q2 2021)
Other projects
- IFRS Taxonomy Update — 2020 General Improvements and Common Practice — This project is now expecting an IFRS Taxonomy Update in March 2021.
- IFRS Taxonomy Update — Amendments to IAS 1, IAS 8, and IFRS Practice Statement 2 — The proposed IFRS Taxonomy Update is now expected in April 2021 (previously Q2 2021).
The revised IASB work plan is available on the Board's website.