Updated IASB work plan — Analysis

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Jun 21, 2019

On June 21, 2019, following the In­ter­na­tional Ac­count­ing Stan­dards Board’s (IASB’s) June 2019 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 May 2019. Most changes relate to exposure drafts having been published or comment letter periods having ended.

Below is an analysis of all changes that were made to the work plan since our last analysis on May 18, 2019.

Standard-setting projects

  • Rate-regulated activities — the expected timing of a discussion paper or exposure draft has been moved to H1 2020 (was: H2 2019).

Maintenance projects

  • The IASB published an Exposure Draft “Annual Improvements to IFRS Standards 2018–2020” on May 21, 2019. The following projects are part of the annual improvements 2018-2020 project and are therefore now reflected as open to comment in the work plan: (i) fees in the ‘10 per cent’ Test for Derecognition (Amendments to IFRS 9); (ii) lease incentives (Amendment to Illustrative Example 13 accompanying IFRS 16);  (iii) subsidiary as a First-time Adopter (Amendments to IFRS 1); and (iv) taxation in Fair Value Measurements (Amendments to IAS 41);
  • IBOR reform and the effects on financial reporting — the work plan reflects that the comment period on the exposure draft has ended; a first discussion of the feedback received is scheduled for Q3 2019;
  • Updating a reference to the Conceptual Framework (Amendments to IFRS 3) — The IASB published an exposure draft Reference to the Conceptual Framework (Proposed amendments to IFRS 3) on May 30, 2019 - the work plan reflects that the project is now open for comment.

Research projects

  • No changes.

The above is a faithful comparison of the IASB work plan at May 18, 2019 and at June 24, 2019. For access to the current IASB work plan, please click here.

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