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Updated IASB work plan — Analysis (June 2021)

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

28 Jun 2021

Following the IASB's June 2021 meeting, we have analysed the IASB work plan to see what changes have resulted from the meetings and other developments since the work plan was last revised in May 2021. Three new maintenance projects have been added to the work plan.

Below is an analysis of all changes made to the work plan since our last analysis on 28 May 2021.

Stan­dard-set­ting projects

  • No changes.

Main­te­nance projects

  • Classification of Debt with Covenants as Current or Non-current (IAS 1) — A project newly added to the work plan as result of a tentative agenda decision; an exposure draft for this project is expected in Q4 2021.
  • Initial Application of IFRS 17 and IFRS 9 — Comparative Information (Amendments to IFRS 17) — This project has been added to the work plan with an exposure draft expected in July 2021.
  • Lease Liability in a Sale and Leaseback — A decision on the project direction is now expected in Q4 2021 (previously Q3 2021).
  • Supplier Finance Arrangements — This project has been added to the work plan as result of an agenda decision; an exposure draft is expected in Q4 2021.

Research projects

  • Dynamic Risk Management — A decision on the project direction is expected in the H1 2022 (no entry before).
  • Pension Benefits that Depend on Asset Returns —  Review of research  is now expected in Q4 2021 (previously Q3 2021).

Other projects

  • No changes.

The above is a faithful com­par­i­son of the IASB work plan at 28 May 2021 and 28 June 2021. For access to the current IASB work plan at any time, please click here.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.