Updated IASB and ISSB work plan — Analysis (July 2022)
Jul 25, 2022
On July 25, 2022, the International Accounting Standards Board (the Board) and the International Sustainability Standards Board (ISSB) updated its work plan following its July 2022 meeting. Two new projects have been added to the work plan.
Below is an analysis of all changes made to the work plan since our last analysis on June 27, 2022.
Standard-setting projects
- Disclosure initiative — Targeted standards-level review of disclosures — The IASB will now decide on the project direction in Q4 2022 (previously Q3 2022)
Maintenance projects
- Lease liability in a sale and leaseback — A final amendment is now expected in September 2022 (previously Q3 2022)
- Supplier finance arrangements — After discussion the feedback on the exposure draft, a decision on the project direction is now listed as the next project step (no date given)
Research projects
- Extractive activities — A decision on the project direction is now expected in September 2022 (previously July 2022)
- Post-implementation of IFRS 9 — Impairment — An initial discussion of this project took place during the IASB's July meeting; the next expected project step is a request for information to be published in H1 2023
Other projects
- ISSB consultation on agenda priorities — An initial discussion of this project took place during the ISSB's July meeting; the next expected project step is a request for information to be published in Q4 2022
- Third agenda consultation — no changes, the work plan still notes "July 2022" for the feedback statement to be published — this would mean later this week
The revised IASB and ISSB work plan is available on the Board's website.