IASB updates work plan
Nov 18, 2016
On November 18, 2016, the International Accounting Standards Board (IASB), following its November 2016 meeting, updated its work plan.
Changes to the work plan include:
Standard-setting and related projects
- Disclosure initiative: materiality practice statement — the issuance of the practice statement is now expected after 6 months.
Narrow-scope amendments and IFRIC Interpretations
- Property, plant and equipment: proceeds before intended use (proposed amendments to IAS 16) — the issuance of an exposure draft is now expect within 6 months.
- Uncertainty over income tax treatments — the issuance of an IFRIC Interpretation is now expected within 6 months.
Agenda consultation
- IASB Work Plan 2017–2021: Feedback statement on the 2015 Agenda Consultation was added to the work plan.
The revised IASB work plan is available on the IASB's website.