Updated IASB and ISSB work plan — Analysis (November 2022)
Nov 28, 2022
On November 28, 2022, the International Accounting Standards Board (the Board) and the International Sustainability Standards Board (ISSB) updated its work plan following its November 2022 meeting.
Below is an analysis of all changes made to the work plan since our last analysis on October 25, 2022.
Standard-setting projects
- Financial instruments with characteristics of equity — The expected date for the exposure draft has been added for H2 2023.
Maintenance projects
- Amendments to the classification and measurement of financial instruments —This project exposure draft is now expected in Q2 2023 (previously H1 2023).
- International tax reform — pillar two model rules — This project has now been added to the work plan and an exposure draft is expected in January 2023.
- Lack of exchangeability (amendments to IAS 21) — A decision on the project’s direction is expected in December 2022 (previously no date given).
- Non-current liabilities with covenants (amendments to IAS 1) — Project is removed from work plan since the issuance of amendments on October 31, 2022.
- Supplier finance arrangements — Amendments are expected to be issued in H1 2023.
Strategy & governance projects
- ISSB consultation on agenda priorities — The request for information will occur in H1 2023 (previously December 2022).
Research projects
- Extractive activities — A decision on the direction of the project is now expected in Q2 2023 (previously H1 2023).
- Goodwill and impairment — The decision on the project direction is now expected in December 2022 (previously November 2022).
Other projects
- IFRS accounting taxonomy update — 2022 General Improvements and Common Practice — Feedback on the proposal is expected in Q1 2023.
- IFRS accounting taxonomy update — amendments to IFRS 16 and IAS 1 — Feedback on the proposal is expected in Q1 2023.
The revised IASB and ISSB work plan is available on the Board's website.