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IASB work plan reveals revised timetable for final standards

  • IASB (International Accounting Standards Board) (blue) Image

28 Mar 2011

The latest IASB work plan timetable, as of 28 March, has been released and shows revised 'current best estimates' for its progress.

It shows that the IASB expects to ballot on its four big projects (financial instruments, leases, revenue recognition and insurance contracts) before the end of June this year. This means that the standards likely will be published early in the second half of the year. No effective date is indicated in the work plan, but it is unlikely to be before 1 January 2013, with 1 January 2015 thought more likely.

Finalised standards in a number of other projects are now due to be issued in April: financial statement presentation (other comprehensive income), consolidation, joint ventures and post-employment benefits. In addition, new exposure drafts are expected before the end of June on investment companies and annual improvements, together with consultation on the IASB's agenda going forward.

Click for IASB work plan as of 28 March (link to IASB website).

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