IASB issues work plan update
27 Jan, 2015
After its January meeting, the IASB has updated its work plan. The revised plan moves — from the first quarter to the second quarter of 2015 — (1) the targeted date for an exposure draft (ED) on elimination of gains and losses arising from transactions between an entity and its associate or joint venture and (2) the feedback statement on the post-implementation review for IFRS 3. In addition, the work plan adds a new project on remeasurement related to a plan amendment, curtailment, or settlement/availability of a refund of a surplus from a defined benefit plan (an ED is targeted for the second quarter of 2015).
Current status
The revised time table for the major projects is now as follows:
Project | Current status | Next project step | Expected timing |
---|---|---|---|
Redeliberations |
ED |
Q1 2015 |
|
Discussion paper |
Comment letter analysis |
Q1 2015 |
|
Re-exposure |
Redeliberations |
Q1 2015 |
|
Re-exposure |
Target IFRS |
H2 2015 |
|
Board discussion |
Target Discussion Paper |
Q2 2015 |
|
Disclosure initiative — Reconciliation of liabilities from financing activities |
ED |
Public consultation |
Q1 2015 |
Redeliberations |
Target IFRS |
Q1 or Q2 2015 |
|
Discussion paper |
Comment letter analysis |
Q1 2015 |
In addition, board discussions related to the research project on business combinations under common control now extend into the second quarter of 2015.
The revised IASB work plan (dated 27 January 2015) is available on the IASB's website. We have updated our project pages to reflect the updated work plan and other known developments.