Updated IASB and ISSB work plan — Analysis (June 2023)
Jun 27, 2023
Following the IASB's June 2023 meeting, we have analysed the work plan on the IFRS Foundation website to see what changes have resulted from the meeting and other developments since the work plan was last revised in May 2023. The ISSB did not hold a technical meeting this month, but launched its first two standards, IFRS S1 and IFRS S2.
Below is an analysis of all changes made to the work plan since our last analysis on June 1, 2023.
Standard-setting projects
- Climate-related disclosures — This project has been removed from the work plan since the ISSB issued IFRS S2 Climate-related Disclosures on June 26, 2023.
- Financial instruments with characteristics of equity — An exposure draft is now expected in Q4 2023 (previously H2 2023).
- General requirements — This project has been removed from the work plan since the ISSB issued IFRS S1 General Requirements for Disclosure of Sustainability-Related Financial Information on June 26, 2023.
Maintenance projects
- Lack of Exchangeability (Amendments to IAS 21) — An IFRS Accounting Standard amendment is now expected in August 2023 (previously Q3 2023).
Research projects
- Post-implementation Review of IFRS 9: Impairment — Feedback on the request for information published in May 2023 is now expected to be discussed in Q4 2023 (previously H2 2023).
Other projects
- IFRS Accounting Taxonomy Update — Common Practice (Financial Instruments) and General Improvements — This project has been added to the work plan with a proposed IFRS Taxonomy update expected in Q4 2023.
The above is a faithful comparison of the IASB and ISSB work plan on June 1, 2023 and June 27, 2023.
For access to the current work plan at any time, please click here.