Below is an analysis of all changes that were made to the work plan since our last analysis on 24 June 2019.

Stan­dard-set­ting projects

• Management commentary — The expected timing of an exposure draft has been moved to the second half of 2020 (previously first half of 2020).
• Primary financial statements — The expected date of an exposure draft has been narrowed down to the fourth quarter of 2019 (previously second half of 2019).

Main­te­nance projects

• 2019 Comprehensive review of the IFRS for SMEs Standard — The expected date for the request for information has been narrowed down to the fourth quarter of 2019 (previously second half of 2019).
• Accounting policies and accounting estimates (amendments to IAS 8) — A decision on this project’s direction will occur in the fourth quarter of 2019.
• Amendments to IFRS 17 — Discussions on feedback received on the exposure draft is expected to occur in the fourth quarter of 2019.
• Classification of liabilities as current or non-current (amendments to IAS 1) — The expected date for the IFRS amendments has been narrowed down to the fourth quarter of 2019 (previously second half of 2019).
• Deferred tax related to assets and liabilities arising from a single transaction (amendments to IAS 12) — This project is now in the exposure draft comment letter phase. Comments are requested by 14 November 2019.
• Disclosure initiative — Accounting policies — The work plan still notes that an exposure draft is expected in September 2019, however, the IASB has separately communicated that it expects to publish the ED on 1 August 2019
• Fees in the ’10 per cent’ test for derecognition of financial liabilities (amendments to IFRS 9) — Discussions on feedback received on the exposure draft is expected to occur in the fourth quarter of 2019.
• IBOR reform and its effects on financial reporting (Phase 1) — Discussions on feedback received on the exposure draft has been narrowed down to occur in September 2019 (previously third quarter of 2019).
• Lease incentives (amendments to illustrative example 13 accompanying IFRS 16) — Discussion on feedback received on the exposure draft are expected to occur in the fourth quarter of 2019.
• Onerous contracts — cost of fulfilling a contract (amendments to IAS 37) — A decision on this project’s direction will occur in September 2019.
• Property, plant and equipment: Proceeds before intended use (amendments to IAS 16) — IFRS amendments are expected in the first quarter of 2020.
• Subsidiary as a first-time adopter (amendments to IFRS 1) — Discussion on feedback received on the exposure draft are expected to occur in the fourth quarter of 2019.
• Taxation in fair value measurements (amendments to IAS 41) — Discussion on feedback received on the exposure draft are expected to occur in the fourth quarter of 2019.

Research projects

• Dynamic risk management — The expected date for the core model has been narrowed down to the fourth quarter of 2019 (previously second half of 2019).
• Extractive activities — The expected date to review the research has been narrowed down to the fourth quarter of 2019 (previously second half of 2019).
• Financial instruments with characteristics of equity — A decision on this project’s direction has been narrowed down to the fourth quarter of 2019 (previously second half of 2019).
• Goodwill and impairment — The expected date of the discussion paper has been narrowed down to the fourth quarter of 2019 (previously second half of 2019).
• Pension benefits that depend on asset returns — The expected date to review the research has been narrowed down to the fourth quarter of 2019 (previously second half of 2019).
• Provisions — The expected date to review the research has be narrowed down to the fourth quarter of 2019 (previously second half of 2019).
• Subsidiaries that are SMEs — The expected date to review the research has be narrowed down to the fourth quarter of 2019 (previously second half of 2019).

The above is a faithful com­par­i­son of the IASB work plan at 24 June 2019 and at 29 July 2019. For access to the current IASB work plan at any time, please click here.