Updated IASB work plan — Analysis
20 Jul, 2018
Following the IASB's July 2018 meeting, we have analysed the IASB work plan to see what changes have resulted from the meeting and other developments in July. The IASB did some stock-taking before the summer break and many small changes have occured.
Below is an analysis of all changes made to the work plan since our last analysis on 22 June 2018.
Research projects
- Business Combinations Under Common Control — The expected date of the decision paper is push into the second half of 2019.
- Disclosure Initiative — Principles of Disclosure — This project is now in the summary stage.
- Discount Rates — This project is now in the summary stage which is expected to be completed in the fourth quarter of 2018.
- Financial Instruments With Characteristics of Equity — This project is now in the feedback stage which is expected to be completed in the first half of 2019.
- Post-Implementation Review of IFRS 13 Fair Value Measurement — A feedback statement is now expected in the fourth quarter of 2018.
- Share-Based Payment — This project is now in the summary stage which is expected to be completed in September 2018.
Maintenance projects
- Accounting Policies and Accounting Estimates (Amendments to IAS 8) — A decision on the project is expected in October 2018.
- Accounting Policy Changes (Amendments to IAS 8) — The expected date of the exposure draft is narrowed to the fourth quarter of 2018.
- Classification of Liabilities (Amendments to IAS 1) — A decision on the project is now expected in September 2018.
- Costs Considered in Assessing Whether a Contract Is Onerous (Amendments to IAS 37) — New entry to the workflow with an exposure draft expected to be issued in the fourth quarter of 2018.
- Definition of a Business (Amendments to IFRS 3) — The expected issuance of IFRS amendments is now September 2018.
- Disclosure Initiative — Targeted Standards-Level Review of Disclosures — This project is now in the exposure draft stage.
- Improvements to IFRS 8 Operating Segments (Amendments to IFRS 8 and IAS 34) — A feedback statement is now expected in the fourth quarter of 2018.
Standard-setting projects
- Management Commentary — An exposure draft is now expected in the first half of 2020.
- Rate-Regulated Activities — The issuance of a discussion paper or exposure draft is now expected in the second half of 2019.
Other projects
- IFRS Taxonomy Update — Common Practice (IFRS 13) — A proposed update is now expected in September 2018.
The above is a faithful comparison of the IASB work plan at 22 June 2018 and at 20 July 2018. For access to the current IASB work plan at any time, please click here.
Related Topics
- Rate-regulated activities — Comprehensive project
- Share-based payments
- XBRL — eXtensible Business Reporting Language
- Financial instruments with characteristics of equity
- Changes in accounting policies and estimates
- Clarifications arising from the post-implementation review of IFRS 8
- Common control transactions
- Disclosure initiative — Principles of disclosure
- Disclosure initiative — Disclosure review
- Discount rates
- IAS 37 — Onerous contracts
- IAS 1 — Classification of liabilities
- IAS 8 — Accounting policy changes
- IFRS 2 — Research project on share-based payments
- IFRS 3 — Definition of a business
- Management Commentary
- Post-implementation review — IFRS 13
