Outstanding exposure drafts - IFRS
| Title | Description | Next step date |
|---|---|---|
| Due Process Handbook Review [ED] | The Due Process Oversight Committee decided to undertake a further review to ensure its Handbook continues to be fit for purpose. | Oct 31, 2019 |
| Amendments to IFRS 17, Insurance Contracts [ED] | The objective of this project is to address concerns and implementation challenges raised since the IFRS 17 was issued and to consider whether there is a need to amend the Standard. | Nov 30, 2019 |
| IFRS Taxonomy Update—Interest Rate Benchmark Reform Part I (Amendments to IFRS 9, IAS 39 and IFRS 7) [ED] | The IASB plans to make changes to the IFRS Taxonomy to reflect the disclosure requirements introduced by Interest Rate Benchmark Reform Part I | Dec 13, 2019 |
| Classification of Liabilities (Proposed Amendments to IAS 1) [ED] | The amendments aim at a more general approach to the classification of liabilities under IAS 1 based on the contractual arrangements in place at the reporting date. | Mar 31, 2020 |
| 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. | Dec 31, 2019 |
| 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. | Jun 30, 2020 |
| Accounting Policies and Accounting Estimates (Potential Amendments to IAS 8) [ED] | The purpose of this project is to clarify the distinction between a change in an accounting policy and a change in an accounting estimate, in relation to the application of IAS 8. | Dec 31, 2019 |
| 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). | Dec 31, 2019 |
| Annual Improvements to IFRSs 2018-2020 Cycle [ED] | This project tracks developments in the annual improvements process for the 2018-2020 cycle. | Nov 30, 2019 |
| Property, Plant and Equipment: Proceeds before Intended Use (Proposed Amendments to IAS 16) [ED] | The purpose of this project is to clarify the accounting for the net proceeds from selling any items produced while bringing an item of property, plant and equipment (PPE) into use. | Mar 31, 2020 |
| Disclosure initiative — Accounting Policies [ED] | The objective of this project is to develop guidance and examples to help entities apply materiality judgements to accounting policy disclosure. | Nov 30, 2019 |