Updated IASB and ISSB work plan — Analysis (December 2022)
Dec 19, 2022
On December 19, 2022, the International Accounting Standards Board (the Board) and the International Sustainability Standards Board (ISSB) updated their work plan following their December 2022 meetings.
Below is an analysis of all changes made to the work plan since our last analysis on November 28, 2022.
Standard-setting projects
- Business combinations: Disclosures, goodwill and impairment — This project is the project formerly known as Goodwill and impairment — has been moved form the research agenda to the standard-setting agenda of the IASB; the next project milestone will be the publication of an exposure draft (no date given).
Maintenance projects
- Amendments to the classification and measurement of financial instruments — This project exposure draft is now expected in Q1 2023 (previously Q2 2023).
- Lack of exchangeability (amendments to IAS 21) — After a decision on the project direction, final amendments to IAS 21 are expected in H1 2023.
- Supplier finance arrangements — Amendments are expected to be issued in Q2 2023 (previously H1 2023).
Research projects
- Post-implementation review of IFRS 9 — Impairment — A request for information is now expected in Q2 2023 (previously H1 2023).
Other projects
- IFRS accounting taxonomy update — 2022 General Improvements and Common Practice — Feedback on the proposal is expected in February 2023 (previously Q1 2023).
- IFRS accounting taxonomy update —amendments to IFRS 16 and IAS 1— Feedback on the proposal is expected in January 2023 (previously Q1 2023).
The revised IASB and ISSB work plan is available on the Board's website.