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Updated IASB work plan — Analysis (September 2021)

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

27 Sep 2021

Following the IASB's September 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 July 2021. The updated work plan shows that the request for information on the post-implementation review of IFRS 9 is to be expected this week.

Below is an analysis of all changes made to the work plan since our last analysis on 24 July 2021.

Standard-setting projects

  • Disclosure initiative — Subsidiaries that are SMEs An exposure draft was published on 26 July 2021 with comments requested by 31 January 2022; feedback received will be discussed in H1 2022; in addition, the project was renamed to Disclosure initiative — Subsidiaries without public accountability: Disclosures
  • Disclosure initiative — Targeted standards-level review of disclosures  The discussion of feedback is now expected in Q1 2022 (previously H1 2022)
  • Rate-regulated activities The discussion of feedback is now expected in October 2021 (previously Q4 2021)

Maintenance projects

  • Classification of debt with covenants as current or con-current — An exposure draft is now expected November 2021 (previously Q4 2021)
  • Initial application of IFRS 17 and IFRS 9 — Comparative Information — An exposure draft was published on 28 July 2021 with comments requested by 27 September 2021; feedback received will be discussed in October 2021
  • IAS 21 — Lack of exchangeability — The discussion of feedback is now expected in Q1 2022 (previously Q4 2021)
  • Supplier finance arrangements — An exposure draft is now expected November 2021 (previously Q4 2021)

Research projects

  • Extractive activities — A decision on the project direction is now expected in H1 2022 (previously September 2021)
  • Goodwill and impairment — A decision on the project direction is now expected in H1 2022 (previously September 2021)
  • Pension benefits that depend on asset returns Research will now be reviewed in October 2021 (previously Q4 2021)
  • Post-implementation review of IFRS 10-12 A feedback statement is now expected in Q1 2022 (previously H1 2022)
  • Post-implementation review of IFRS 9 A request for information is still expected in September 2021, which would mean "this week"

Other projects

  • Agenda consultation 2020 The discussion of feedback is now expected in November 2021 (previously Q4 2021)

The above is a faithful comparison of the IASB work plan at 24 July 2021 and 27 September 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.