Updated IASB work plan — Analysis
Apr 28, 2017
On April 28, 2017, the International Accounting Standards Board (IASB) updated its work plan following its April 2017 meeting.
Below is an analysis of all changes made to the work plan since the last update in March 2017.
Research projects
- Disclosure initiative: Principles of Disclosure — The project has entered a public consultation phase with a comment period ending October 2, 2017. A decision on the project direction will occur after six months.
Narrow-scope amendments
- Accounting policies and accounting estimates — The publication of an exposure draft is now expected in June 2017.
- Previously held interests in a joint operation (amendments to IFRS 3 and IFRS 11) — This project has been separated from the definition of a business project and IFRS amendments are expected after six months.
- Improvements to IFRS 8 Operating Segments — The project has entered a public consultation phase with a comment period ending July 31, 2017. A decision on the project direction will occur after six months.
- Plan amendment, curtailment or settlement / Availability of a refund (amendments to IAS 19 and IFRIC 14) — IFRS amendments are now expected within six months.
- Property, plant and equipment: proceeds before intended use (proposed amendments to IAS 16) — The publication of an exposure draft is now expected in June 2017.
- Prepayment features with negative compensation (proposed amendments to IFRS 9) — The project has entered a public consultation phase with a comment period ending May 24, 2017. A decision on the project direction will occur within three months.
- Annual improvements 2015–2017 — A decision on the project’s direction is now expected within three months.
The revised IASB work plan is available on the IASB's website.