Updated IASB work plan — Analysis
Jul 22, 2018
On July 18, 2018, the International Accounting Standards Board (the Board) updated its work plan following its July 2018 meeting.
Below is an analysis of all changes made to the work plan since our last analysis on June 22, 2018.
Research projects
- Business Combinations Under Common Control — The expected date of the decision paper is pushed into the second half of 2019.
- Disclosure Initiative — Principles of Disclosure — This project is now in the summary stage.
- Discount Rates — This project is now in the summary stage which is expected to be completed in the fourth quarter of 2019.
- Financial Instruments with Characteristics of Equity — This project is now in the feedback stage which is expected to be completed in the first half of 2019.
- Post-Implementation Review of IFRS 13 Fair Value Measurement — A feedback statement is now expected in the fourth quarter of 2018.
- Share-Based Payment — This project is now in the summary stage which is expected to be completed in September 2018.
Maintenance projects
- Accounting Policies and Accounting Estimates (Amendments to IAS 8) — A decision on the project is expected in October 2018.
- Accounting Policy Changes (Amendments to IAS 8) — The expected date of the exposure draft is narrowed to the fourth quarter of 2018.
- Classification of Liabilities (Amendments to IAS 1) — A decision on the direction of the project is now expected in September 2018.
- Costs Considered in Assessing Whether a Contract Is Onerous (Amendments to IAS 37) — This is a new project. An exposure draft is expected to be issued in the fourth quarter of 2018.
- Definition of a Business (Amendments to IFRS 3) — The expected issuance of the IFRS amendments is now September 2018.
- Disclosure Initiative — Targeted Standards-Level Review of Disclosures — This project is now in the exposure draft stage.
- Improvements to IFRS 8 Operating Segments (Amendments to IFRS 8 and IAS 34) — A feedback statement is now expected in the fourth quarter of 2018.
Standard-setting projects
- Management Commentary — An exposure draft is now expected in the first half of 2020.
- Rate-Regulated Activities — The issuance of a discussion paper or exposure draft is now expected in the second half of 2019.
Other projects
- IFRS Taxonomy Update — Common Practice (IFRS 13) — A proposed update is now expected in September 2018.
The revised IASB work plan is available on the Board's website.