Updated IASB work plan — Analysis
Jul 21, 2017
On July 21, 2017, following its July 2017 meeting, the IASB issued an updated work plan. A detailed analysis of the changes that have resulted from the meeting and other developments in the month of July is set out below. The changes are minor and the main message is that the IASB does currently not intend to issue any pronouncements until September 2017.
General remarks
Below is an analysis of all changes made to the work plan since our last analysis on June 26, 2017.
Standard-setting projects
- No changes
Maintenance projects
- Narrow-scope amendments to IAS 19 and IFRIC 14 — Remeasurement on a plan amendment, curtailment or settlement / Availability of a refund of a surplus from a defined benefit plan [ED] — final amendments are now expected in the first half of 2018 (was: fourth quarter of 2017)
- A new project "Accounting policy changes (Amendments to IAS 8)" has been added to the work plan. This goes back to the Board's June 2017 discussions when the Board tentatively decided to amend IAS 8 to lower the impracticability threshold regarding retrospective application of voluntary changes in accounting policies that result from agenda decisions. An exposure draft is currently expected in the first half of 2018.
- Long-term Interests in Associates and Joint Ventures (Proposed Amendments to IAS 28) [ED] (split out from the annual improvement process 2015-2017) is now expected to see final amendments in October 2017 (was: September 2017)
- The two remaining issues of the annual improvement process 2015-2017 were set to see final amendments in July 2017. This has been changed to the fourth quarter of 2017.
- Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9) [ED] — discussions this week have clarified that final amendments are expected in October 2017
Research projects
- Discount Rates [Research] — a research report is now expected in the first half of 2018 (was: September 2017)
- Share-based payments, potential amendments to IFRS 2 [Completed] — a research report is now expected in the first half of 2018 (was: September 2017)
Other projects
- No changes
The above is a comparison of the IASB work plan at June 26, 2017 and at July 21, 2017. For access to the current IASB work plan at any time, please click here.
Related Topics
- Annual Improvements to IFRSs 2015-2017 Cycle [Completed]
- Discount Rates [Completed]
- Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28) [Completed]
- Narrow-scope amendments to IAS 19 and IFRIC 14 — Remeasurement on a plan amendment, curtailment or settlement / Availability of a refund of a surplus from a defined benefit plan [Completed]
- Prepayment Features with Negative Compensation (Amendments to IFRS 9) [Completed]
- Share-based Payment—Sources of Accounting Complexity [Completed]
