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IASB work plan update for June 2014

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

24 Jun 2014

Following its recent meeting, the International Accounting Standards Board (IASB) has updated its work plan. Given that the second quarter of 2014 will end next Monday, most consultation documents that were still marked as expected in the second quarter have been moved to the third quarter 2014 and as a consequence some other projects have been moved to the fourth quarter. The only pronouncement still expected in June are the IAS 41 amendments regarding bearer plants.

Current status

The revised time table for the major projects is now as follows:

Project Current status Next project step Expected timing
Conceptual Framework — Comprehensive IASB project Redeliberations Exposure draft Q4 2014
Financial instruments — Impairment Redeliberations Finalised IFRS Q3 2014*
Financial instruments — Macro hedge accounting Discussion paper Public consultation Q2 and Q3 2014
Financial instruments — Limited reconsideration of IFRS 9 (classification and measurement) Redeliberations Finalised IFRS Q3 2014*
Insurance contracts Re-exposure Redeliberations Q2 2014
Leases Re-exposure Redeliberations Q2 2014
Disclosure initiative — Amendments to IAS 1 Exposure draft Redeliberations Q3 2014
Disclosure initiative — Reconciliation of liabilities from financing activities Redeliberations Exposure draft Q4 2014

* Indicates a change since the prior work plan update.

Changes concerning narrow scope projects are:

Click for the IASB work plan dated 24 June 2014 (link to IASB website). We have updated our project pages to reflect the updated work plan and other known developments.

Correction list for hyphenation

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