Updated IASB work plan — Analysis

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

12 Apr, 2019

Following the IASB's April 2019 meeting, we have analysed the IASB work plan to see what changes have resulted from the meeting and other developments since the work plan was last revised in March. Eight exposure drafts are expected to be published in June 2019.

Below is an analysis of all changes that were made to the work plan since our last analysis on 21 March 2019.

Standard-setting projects

  • No changes.

Maintenance projects

  • The following exposure drafts are now expected in June 2019 (formerly Q2 2019):
    • Amendments to IFRS 17 Insurance Contracts
    • Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction (Amendments to IAS 12)
    • Fees in the ‘10 per cent’ Test for Derecognition (Amendments to IFRS 9)
    • Lease Incentives (Amendment to Illustrative Example 13 accompanying IFRS 16)
    • Subsidiary as a First-time Adopter (Amendments to IFRS 1)
    • Taxation in Fair Value Measurements (Amendments to IAS 41)
    • Updating a Reference to the Conceptual Framework (Amendments to IFRS 3)
  • Disclosure Initiative—Accounting Policies — An Exposure Draft is expected in Q3 2019 (formerly H2 2019).
  • Onerous Contracts—Cost of Fulfilling a Contract (Amendments to IAS 37) — Exposure Draft feedback is expected in May 2019 (formerly Q2 2019).

Research projects

  • Extractive Activities — The review of research is now expected in H2 2019 (no date given before).

Other projects

  • Due Process Handbook Review — An Exposure Draft is expected in June 2019 (formerly Q2 2019).
  • The following projects were removed from the work plan, as the 2019 IFRS XBRL taxomomy was issued in March 2019:
    • IFRS Taxonomy Update—2018 General Improvements
    • IFRS Taxonomy Update—Common Practice (IFRS 13)

The above is a faithful comparison of the IASB work plan at 21 March 2019 and at 12 April 2019. For access to the current IASB work plan at any time, please click here.

Not yet reflected in the work plan are two annoucements made by the staff during the update on the research programme at the April 2019 meeting:

  • The staff expect to start work on the PIR of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities in Q2 of 2019.
  • The staff also expect to start work on the pipeline project on the Equity Method in Q2 or Q3 of 2019 because there is some overlap with some of the issues that will be considered in the PIR of IFRS 11.

Correction list for hyphenation

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