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Updated IASB work plan — Analysis (October 2019)

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

25 Oct 2019

Following the IASB's October 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.

Below is an analysis of all changes that were made to the work plan since our last analysis on 1 October 2019.

Stan­dard-set­ting projects

  • Primary Financial Statements — Exposure draft is expected in December 2019 (previously fourth quarter of 2019).

Main­te­nance projects

  • 2019 Comprehensive Review of the IFRS for SMEs Standard — the request for information is now expected in the first quarter of 2020 (previously fourth quarter of 2019)
  • Accounting Policies and Accounting Estimates — dis­cus­sions on the project direction happened in October 2019 (previously fourth quarter of 2019).
  • Onerous Contracts — Cost of Fulfilling a Contract (Amendments to IAS 37) — An IFRS amendment is expect in the first half of 2020.

Research projects

  • Dynamic Risk Management — core model will occur in December 2019 (previously fourth quarter of 2019).
  • Financial Instruments With Characteristics of Equity — decision on the project’s direction will occur in the first quarter of 2020 (pre­vi­ously fourth quarter of 2019).
  • Pensions Benefits That Depend on Asset Returns — Research review is expected in December 2019 (previously fourth quarter of 2019).
  • Post-Implementation Review of IFRS 10, IFRS 11 and IFRS 12 — This project is now under research (previously listed under maintenance projects).
  • Provisions — Research review is expected in January 2020 (previously fourth quarter of 2019).
  • Subsidiaries That Are SMEs — Research review is expected in January 2020 (previously fourth quarter of 2019).

Other projects

  • IFRS Taxonomy Update — Interest Rate Benchmark Reform (Amend­ments to IFRS 9, IAS 39 and IFRS 7) —a proposed IFRS Taxonomy Update was issued in October 2019. Feedback update is expected in December 2019.

The above is a faithful com­par­i­son of the IASB work plan at 1 October 2019 and at 25 October 2019. For access to the current IASB work plan at any time, please click here.

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