Updated IASB work plan — Analysis (November 2021)
Nov 23, 2021
On November 23, 2021, the International Accounting Standards Board (IASB) updated its work plan following its November 2021 meeting.
Below is an analysis of all changes made to the work plan since our last analysis on November 1, 2021.
Standard-setting projects
- Disclosure initiative — Subsidiaries without public accountability: Disclosures — Feedback on the exposure draft will now be discussed in Q2 2022 (previously H1 2022)
- Disclosure initiative — Targeted standards-level review of disclosures — Feedback on the exposure draft will now be discussed in Q2 2022 (previously Q1 2022)
- Rate-regulated activities — After the discussion of the feedback on the exposure draft in October and November 2021, a decision on the project direction is now expected in December 2021
Maintenance projects
- Non-current liabilities with covenants — After publication of the exposure draft on November 19, 2021 the next project step in now the discussion of the feedback on the exposure draft in H1 2022; the project has also been renamed from the previous Classification of debt with covenants as current or non-current
Research projects
- Dynamic risk management — A decision on the project direction is now expected in Q1 2022 (previously H1 2022)
- Equity method — A decision on the project direction is now expected in Q1 2022 (previously no date given)
- Extractive activities — A decision on the project direction is now expected in H2 2022 (previously H1 2022)
- Goodwill and impairment — A decision on the project direction is now expected in Q2 2022 (previously Q1 2022)
- Pension benefits that depend on asset returns — The publication of a project summary is now expected in H1 2022 (previously no date given)
Other projects
- IFRS Taxonomy Update — 2021 General improvements and common practice — The date entry for a proposed update (December 2021) has been removed from the work plan
- IFRS Taxonomy Update — 2021 technology update — Newly added to the work plan with an expected date December 2021for the proposed update
- Sustainability-related reporting — The entry that was erroneously kept in the work plan has been removed with the announcement of the creation of the new ISSB
The revised IASB work plan is available on the Board's website.