IASB updates work plan

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

23 Nov, 2015

Following its November 2015 meeting, the IASB has updated its work plan. As mentioned before, directly tracing the Board's progress on the individual projects has become impossible since the change of the work plan format in July, unless the Board makes definite progress or has to make larger corrections. Of these, a few can be identified in the November work plan.

On major projects, the Board notes no changes, which means that for all of these projects the next project steps may or may not have been pushed back by one month since the last work plan update.

Updates regarding the implementation projects are several:

Regarding interpretations, the projects on uncertainty over income tax treatment and foreign currency transactions and advance considerationwill now see decisions on the project direction within three months (was within six months).

Finally, two research projects have been updated:

The revised IASB work plan is available on the IASB's website.

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