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Updated IASB work plan — Analysis (July 2020 meeting)

  • IFRS - IASB Image

Jul 25, 2020

Following the IASB's July 2020 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 June 2020. Changes are numerous.

Below is an analysis of all changes made to the work plan since our last analysis on June 26, 2020.

Stan­dard-set­ting projects

Main­te­nance projects

Research projects

Other projects

  • Due Process Handbook Review — the revised Due Process Handbook is now expected in July 2020 (pre­vi­ously June 2020).
  • IFRS Taxonomy Update —2020 General Im­prove­ments and Common Practice — This project has been added to the work plan and a proposed IFRS Taxonomy Update is expected in the fourth quarter of 2020.
  • IFRS Taxonomy Update — Amend­ments to IFRS 17, IFRS 4 and IAS 16 — This project now correctly includes IFRS 4 and dis­cus­sion of the feedback on the proposed IFRS Taxonomy Update is expected in the fourth quarter of 2020 (pre­vi­ously proposed update expected in July 2020).
  • IFRS Taxonomy Update — COVID-19 Related Rent Con­ces­sions (Amend­ments to IFRS 16)— A final Taxonomy Update is expected in August 2020 (pre­vi­ously feedback to be discussed in July 2020).
  • IFRS Taxonomy Update — Interest Rate Benchmark Reform — Phase 2— The timing of a proposed IFRS Taxonomy Update is now expected in September 2020 (pre­vi­ous­ly Q3 2020).

The above is a faithful com­par­i­son of the IASB work plan at June 26, 2020 and at July 24, 2020.

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

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.