| Project | Description |
|---|---|
| Accounting for Dynamic Risk Management: A Portfolio Revaluation Approach to Macro Hedging (Proposed amendments to IFRS 9) [ED] | The DP represents the first stage in this project, by seeking public comment on a possible approach to accounting for an entity’s dynamic risk management activities, namely the portfolio revaluation approach (PRA). |
| Amendments to the Classification and Measurement of Financial Instruments (Proposed Amendments to IFRS 9 and IFRS 7) [ED] | The objective of this project is to make narrow scope amendments to clarify the requirements for assessing a financial asset’s contractual cash flow characteristics |
| Business Combinations under Common Control (Potential Amendments to IFRS 3) [DP] | The essence of the project is to identify whether and when an entity should continue to use the previous carrying amounts of a transferred business (carry-over accounting) and whether and when it should apply business combination accounting. |
| Disclosure initiative — Primary Financial Statements [ED] | The Primary Financial Statements project examines possible changes to the structure and content of the primary financial statements. |
| Financial Instruments with Characteristics of Equity (Potential Amendments to IAS 32) [DP] | This is currently a joint research project with the FASB to address issues related to the guidance in IAS 32, Financial Instruments: Presentation, which distinguishes between asset and liability instruments (non-equity instruments) and equity instruments. |
| Lack of Exchangeability (Possible Amendments to IAS 21) [ED] | The objective of this project is to undertake narrow-scope standard-setting on the spot exchange rate an entity uses when exchangeability between two currencies is lacking |
| Management Commentary (Wider corporate reporting) [ED] | This purpose of this project is to revise and update the “Management Commentary Practice Statement” issued in 2010. |
| Post-implementation Review of IFRS 15 [ED] | The objective of a PIR is to assess whether the effects of applying new requirements on users of financial statements, preparers, auditors and regulators are as intended when the IASB developed those new requirements. |
| Post-implementation Review of IFRS 9 - Impairment [ED] | The IASB met on July 19, 2022 to discuss objectives, activities and an anticipated time line for the first phase of the Post-implementation Review of the IFRS 9, Financial Instruments, impairment requirements. The IASB was not asked to make any decisions. |
| Reporting the Financial Effects of Rate Regulation [ED] | This is the first step in the IASB’s project to develop a comprehensive IFRS standard for entities that have rate-regulated activities. |
| Scaling the Standards [ED] | As part of the AcSB’s 2022-2027 Strategic Plan, the AcSB committed to exploring scaling the standards for non-listed entities to better meet different reporting needs. |