This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Updated IASB work plan released

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

13 Mar 2012

The IASB has released an updated work plan, dated 13 March 2012, incorporating the impacts of recently issued pronouncements and outlining revised 'current best estimates' for its various projects. The expected timing of deliverables on a number of projects have been deferred, and more information about other projects provided.

The following is a summary of the changes in the revised work plan:

  • Agenda consultation - a feedback statement now expected in the second quarter of 2012 (previously the first quarter), development of the future strategy now to occur in the second half of calendar 2012
  • Financial instruments - hedge accounting:
    • General hedge accounting - a review draft of general hedge accounting requirements is now expected in the second quarter of 2012 (previously the first quarter), but the targeted completion of the standard remains the second half of 2012
    • Macro hedge accounting - a discussion paper or exposure draft now expected in the third or fourth quarter of 2012 (previously third quarter)
  • Leases - Re-exposure of the lease accounting proposals is now expected in the third or fourth quarter of 2012 (previously second quarter)
  • Annual improvements - the target date for the issue of the exposure draft arising from the 2010-2012 cycle is now second quarter of 2012 (previously the first quarter)
  • Post-implementation reviews - the review of IFRS 8 Operating Segments is now expected to result in a Request for Views in the second quarter of 2012, meanwhile the review of IFRS 3 Business Combinations is expected to be initiated during the second quarter of 2012.

Click for IASB work plan as of 13 March 2012 (link to IASB website). We have updated our project pages to reflect the updated work plan and other known developments.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.