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Updated IASB work plan — Analysis

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

27 Jan 2018

Following the IASB's January 2018 meeting, we have analysed the IASB work plan to see what changes have resulted from the meeting and other developments in January. Changes mostly relate to pronouncements having been published, comment letter deadlines having ended, and clarifications of upcoming dates of issuing pronouncements.

Below is an analysis of all changes made to the work plan since our last analysis on 18 December 2017.

Maintenance projects

  • Availability of a refund (amendments to IFRIC 14) — The next milestone is an IFRS amendment but the expected date has been removed. The Board plans to perform further work on the possible effects of the amendments before proceeding.
  • Definition of a business (amendments to IFRS 3) — An IFRS amendment is now expected in Q2 2018 (updated from H1 2018).
  • Improvements to IFRS 8 Operating Segments (amendments to IFRS 8 and IAS 34) — The IASB will now decide the project’s direction in March 2018 (previously set to January 2018).
  • Plan amendment, curtailment or settlement (amendment to IAS 19) — An IFRS amendment is expected in February 2018 (previously set to January 2018).

Standard-setting projects

  • Definition of material (amendments to IAS 1 and IAS 8) — Discussions on feedback of the exposure draft are now expected April 2018 (previously set to March 2018).
  • Rate-regulated activities — A discussion paper or exposure draft is expected in H1 2019 (previously set to 2019).

Research projects

  • Discount rates — Research summary is expected in Q2 2018 (updated from H1 2018).
  • Dynamic risk management — The next milestone has been changed from discus-sion paper to core model. It is expected in H1 2019 (previously set to just 2019).
  • Financial instruments with characteristics of equity — a discussion paper is expected in Q2 2018 (updated from H1 2018).
  • Goodwill and impairment — A discussion paper or exposure draft is expected in H2 2018 (previously set to H1 2018).
  • Post-implementation review of IFRS 13 Fair Value Measurement — The next milestone is a request for information feedback. The IASB discussed this topic at its January meeting.
  • Primary financial statements — A discussion paper or exposure draft is expected in H1 2019 (pushed back from H1 2018).
  • Principles of disclosure — Discussions on feedback of the discussion paper are now expected February 2018 (moved up from March 2018).
  • Share-based payment — A research summary is expected in Q2 2018 (updated from H1 2018).

Other projects

  • IFRS Taxonomy Update— IFRS 17 Insurance Contracts — The final update was removed from the IASB’s work plan, as the update was published on 11 January 2018.
  • IFRS Taxonomy Update — common practice (IFRS 13) — A proposed update is expected in Q2 2018 (updated from H1 2018).

The above is a faithful comparison of the IASB work plan at 18 December 2017 and at 26 January 2018. For access to the current IASB work plan at any time, please click here.

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