The podcast highlights some of the projects that were discussed during the meeting, including:

• the post-implementation review of IFRS 15; 
• power purchase agreements;
• amendments to IFRS 9 regarding classification and measurement; and
• proposals for the addendum to the IFRS for SMEs exposure draft.

It also addresses a question from one of the podcast listeners.

The podcast can be accessed here on the IFRS Foundation website

An analysis of changes to the work plan resulting from the IASB discussions can be found here.

Below is an analysis of all changes made to the work plan since our last analysis on December 18, 2023

Standard-setting projects

• Business combinations — Disclosures, goodwill and impairment— An exposure draft is now expected in March 2024 (previously Q1 2024)
• Disclosure initiative — Subsidiaries without public accountability: Disclosures — A final standard is now expected in April 2024 (previously Q2 2024)
• Dynamic risk management— An exposure draft is now expected in H1 2025 (previously 2025)
• Financial instruments with characteristics of equity— The exposure draft feedback will now be discussed in Q2 2024 (previously Q1 2024)
• Primary financial statements— A final standard is now expected in April 2024 (previously Q2 2024)

Maintenance projects

• test
  • test 2
• Annual Improvements to IFRS Accounting Standards — Feedback discussions on the exposure draft of the following projects will now begin in February 2024 (previously Q1 2024):
  • Cost Method (Amendments to IAS 7)
  • Derecognition of Lease Liabilities (Amendments to IFRS 9)
  • Determination of a ‘De Facto Agent’ (Amendments to IFRS 10)
  • Disclosure of Deferred Difference between Fair Value and Transaction Price (Amendments to Guidance on implementing IFRS 7)
  • Gain or Loss on Derecognition (Amendments to IFRS 7)
  • Hedge Accounting by a First-time Adopter (Amendments to IFRS 1)
  • Introduction and Credit Risk Disclosures (Amendments to Guidance on implementing IFRS 7)
  • Transaction Price (Amendments to IFRS 9)
• International applicability of the SASB standards— This project has been removed from the work plan since final amendments were published on December 19, 2023
• Updating the 'Subsidiaries without public accountability: Disclosures' standard — An exposure draft is now expected in Q2 2024 (previously H1 2024)

Research projects

• Post-implementation Review of IFRS 15 'Revenue from Contracts with Customers' — The IASB has concluded the discussion of the feedback receivedand will now publish a feedback statement as next step (expected in H2 2024)

Other projects

• IFRS Accounting Taxonomy Update — Amendments to IAS 12, IAS 21, IAS 7 and IFRS 7 — After discussing the feedback received on the proposed update, a final update will now be published in March 2024
• IFRS Accounting Taxonomy Update — Common practice (Financial instruments) and general improvements — After discussing the feedback received on the proposed update, a final update will now be published in March 2024

The above is a faithful comparison of the IASB and ISSB work plan on December 18, 2023 and January 29, 2024.

For access to the current work plan at any time, please click here.