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Outstanding exposure drafts - IFRS


The following are outstanding exposure drafts :

Title Description Next step date
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. Jun 30, 2020
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. Dec 31, 2020
Goodwill and Impairment [ED] The objective of this project is to consider how to address the three areas of focus identified in the Post-implementation Review of IFRS 3, Business Combinations. Dec 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. Dec 31, 2020
Annual Improvements to IFRSs 2018-2020 Cycle [ED] This project tracks developments in the annual improvements process for the 2018-2020 cycle. May 31, 2020
Onerous Contracts—Cost of Fulfilling a Contract (Amendments to IAS 37) [ED] This project clarifies the meaning of the term "unavoidable costs" in the IAS 37 definition of an onerous contract. May 31, 2020
Updating a Reference to the Conceptual Framework (Amendments to IFRS 3) [ED] The objective of this project is to decide whether and, if so, how to update IFRS 3 so that the Standard instead refers to the Conceptual Framework for Financial Reporting, which the Board issued in March 2018. May 31, 2020
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. May 31, 2020
Accounting policy changes (Potential Amendments to IAS 8) [ED] This project addresses the challenges posed by the requirements in IAS 8 for voluntary changes in accounting policies, in particular, changes in accounting policies that result from agenda decisions published by the IFRIC. May 31, 2020
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. Apr 30, 2020
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. Jun 30, 2020
Disclosure initiative — Primary Financial Statements [ED] The Primary Financial Statements project examines possible changes to the structure and content of the primary financial statements. Jun 30, 2020
Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction (Amendments to IAS 12) [ED] The proposed narrow-scope amendment would narrow the initial recognition exemption in paragraphs 15 and 24 of IAS 12 so that it would not apply to transactions that give rise to both taxable and deductible temporary differences, to the extent the amounts recognized for the temporary differences are the same At its meeting on October 24, 2018, the International Accounting Standards Board discussed the IFRS Interpretations Committee’s recommendation to propose a narrow-scope amendment to IAS 12, Income Taxes. The proposed amendment relates to the recognition of deferred tax when an entity accounts for transactions, such as leases or decommissioning obligations, by recognizing both an asset and a liability. Jun 30, 2020
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). Jun 30, 2020

Correction list for hyphenation

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