IASB updates its work plan
Mar 18, 2016
On March 18, 2016, the International Accounting Standards Board (IASB) released its updated work plan.
Updates regarding the implementation projects are:
- Amendments to IFRS 4: Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts: Now indicates that a new Standard is expected within 6 months.
- Clarifications to IFRS 8 arising from the Post-implementation Review: The exposure draft is now expected within 6 months, previously it was within 3 months.
- Clarification of Classification and Measurement of Share-based Payment Transactions: The new Standard is now expected within 6 months, previously it was within 3 months.
- Clarifications to IFRS 15 Revenue from Contracts with Customers: Issues Emerging from TRG Discussions: Previously indicated that a new Standard was expected in the March/April 2016 timeframe; now it indicates that it is expected in April 2016.
- Classification of Liabilities: The new Standard is now in more than 6 months; previously it was expected within 6 months.
The revised IASB work plan is available on the IASB's website.