Updated IASB work plan — Analysis (January 2021 meeting)

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Jan 29, 2021

Following the IASB's January 2021 meeting, we have analyzed the IASB work plan to see what changes have resulted from the meeting and other developments since the work plan was last revised in December 2020. Changes are many, but most of them just regard clarifications of dates.

Below is an analysis of all changes made to the work plan since our last analysis on December 18, 2020. 

Stan­dard-set­ting projects

Main­te­nance projects

Research projects

  • Goodwill and im­pair­ment— Dis­cus­sion of the feedback received on the dis­cus­sion paper is now expected to begin in March 2021 (pre­vi­ously Q1 2021).
  • Second com­pre­hen­sive review of the IFRS for SMEs Standard — A decision on the project direction is now expected in March 2021 (pre­vi­ously Q1 2021).

Other projects

  • IFRS Taxonomy Update — Amend­ments to IAS 1, IAS 8 and IFRS Practice Statement 2— The next milestone is now correctly iden­ti­fied as "Proposed IFRS Taxonomy Update" again; the proposed update is now expected in second quarter of 2021 (pre­vi­ously February 2021).
  • IFRS Taxonomy Update — Amend­ments to IFRS 17, IFRS 4 and IAS 16— An IFRS Taxonomy Update is now expected in March 2021 (pre­vi­ously Q1 2021).
  • Sus­tain­abil­ity Reporting— The date for the dis­cus­sion of the feedback received on the Trustees' con­sul­ta­tion paper has been removed, however, the IASB website reveals that the Trustees will begin dis­cussing the feedback on February 1, 2021.
  • Third Agenda Con­sul­ta­tion — This is the new name of the 2020 Agenda Con­sul­ta­tionproject; a request for in­for­ma­tion is now expected in March 2021 (pre­vi­ously Q1 2021).

The above is a faithful com­par­i­son of the IASB work plan at December 18, 2020 and January 29, 2021. For access to the current IASB work plan at any time, please click here.

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