Updated IASB work plan — Analysis
22 Sep, 2017
Following the IASB's September 2017 meeting, we have analysed the IASB work plan to see what changes have resulted from the meeting and other developments in the months of August and September. Changes mostly relate to pronouncements having been published, comment letter deadlines having ended, and clarifications of upcoming dates of issuing prononouncements.
Below is an analysis of all changes made to the work plan since our last analysis on 21 Juli 2017.
Standard-setting projects
- Conceptual Framework — the revised version of the Conceptual Framework is now expected in the first quarter of 2018 (was: fourth quarter of 2017)
- Disclosure initiative — Materiality — an ED on the definition of materiality and a practice statement on materiality were issued on 14 September; accordingly, the project on the practice statement was removed from the work plan; the ED is open for comment until 15 January 2018
Maintenance project
- Changes in accounting policies and estimates — the work plan reflects that the ED has been published
- Annual improvements 2015-2017 — final amendments are now expected in December 2017
- Clarifications arising from the post-implementation review of IFRS 8 — a feedback statement on the ED is expected in December 2017 (was: Q4 2017)I
- IAS 19 — Remeasurement at a plan amendment, curtailment or settlement — final amendments are now expected in December 2017 (was: first half of 2018)
- IAS 16 — Proceeds before intended use — a feedback statement on the ED is expected in December 2017
Research projects
- Business Combinations under Common Control — a discussion paper is now expected in the second half of 2018 (was: first half of 2018))
- Financial instruments with characteristics of equity — a discussion paper is now expected in December 2017
- Post-implementation review — IFRS 13 — a feedback statement on the PIR is expected in December 2017
Other projects
- IFRS Taxonomy update for IFRS 17 — now expected in December 2017
The above is a faithful comparison of the IASB work plan at 21 July 2017 and at 22 September 2017. For access to the current IASB work plan at any time, please click here.
Related Topics
- Annual improvements — 2015-2017 cycle
- Clarifications arising from the post-implementation review of IFRS 8
- Common control transactions
- Conceptual Framework — Comprehensive IASB project
- Disclosure initiative — Materiality
- Financial instruments with characteristics of equity
- IAS 16 — Proceeds before intended use
- IAS 19/IFRIC 14 — Remeasurement at a plan amendment, curtailment or settlement / Availability of a refund of a surplus from a defined benefit plan
- Post-implementation review — IFRS 13