Updated IASB work plan — Analysis
Oct 27, 2017
On October 27, 2017, the International Accounting Standards Board (IASB) updated its work plan following its October 2017 meeting. Changes mostly relate to pronouncements having been published, comment letter deadlines having ended, and clarifications of upcoming dates of issuing pronouncements.
Below is an analysis of all changes made to the work plan since our last analysis on September 22, 2017.
Maintenance projects
- Accounting policy changes (changes in accounting policies that result from agenda decisions published by the IFRS Interpretations Committee) — exposure draft is now expected in first quarter of 2018.
- Classification of Liabilities — final amendments are now expected in the second half of 2018.
- Long-term interests in associates and joint ventures — the work plan reflects that the final amendments have been published.
- Improvements to IFRS 8 — Feedback statement on exposure draft is now expected in November 2017.
- Plan amendment, curtailment or settlement — final amendments are now expected in January 2018.
- Prepayment features with negative compensation — the work plan reflects that the final amendments have been published.
Research projects
- Financial instruments with characteristics of equity — a discussion paper is now expected in the first half of 2018.
- Principles of disclosure — feedback statement on the discussion paper is now expected in the first quarter of 2018.
Other projects
- IFRS Taxonomy update for prepayment features with negative compensation — New entry added to work plan. Feedback statement on the proposed update is expected in the first quarter of 2018.
The revised IASB work plan is available on the IASB's website.