Updated IASB work plan — Analysis (September 2021)
Sep 27, 2021
On September 27, 2021, the International Accounting Standards Board (IASB) updated its work plan following its September 2021 meeting.
Below is an analysis of all changes made to the work plan since our last analysis on July 24, 2021.
Standard-setting projects
- Disclosure initiative — Subsidiaries that are SMEs — An exposure draft was published on July 26, 2021 with comments requested by January 31, 2022; feedback received will be discussed in H1 2022; in addition, the project was renamed to Disclosure initiative — Subsidiaries without public accountability: Disclosures
- Disclosure initiative — Targeted standards-level review of disclosures — The discussion of feedback is now expected in Q1 2022 (previously H1 2022)
- Rate-regulated activities — The discussion of feedback is now expected in October 2021 (previously Q4 2021)
Maintenance projects
- Classification of debt with covenants as current or con-current — An exposure draft is now expected November 2021 (previously Q4 2021)
- Initial application of IFRS 17 and IFRS 9 — Comparative Information — An exposure draft was published on July 28, 2021 with comments requested by 27 September 2021; feedback received will be discussed in October 2021
- IAS 21 — Lack of exchangeability — The discussion of feedback is now expected in Q1 2022 (previously Q4 2021)
- Supplier finance arrangements — An exposure draft is now expected November 2021 (previously Q4 2021)
Research projects
- Extractive activities — A decision on the project direction is now expected in H1 2022 (previously September 2021)
- Goodwill and impairment — A decision on the project direction is now expected in H1 2022 (previously September 2021)
- Pension benefits that depend on asset returns — Research will now be reviewed in October 2021 (previously Q4 2021)
- Post-implementation review of IFRS 10-12 — A feedback statement is now expected in Q1 2022 (previously H1 2022)
- Post-implementation review of IFRS 9 — A request for information is still expected in September 2021, which would mean "this week"
Other projects
- Agenda consultation 2020 — The discussion of feedback is now expected in November 2021 (previously Q4 2021)
The revised IASB work plan is available on the Board's website.