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Updated IASB work plan — Analysis (November 2021)

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

23 Nov 2021

Following the IASB's November 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 October 2021.

Below is an analysis of all changes made to the work plan since our last analysis on 1 November 2021.

Standard-setting projects

  • Disclosure initiative — Subsidiaries without public accountability: Disclosures — Feedback on the exposure draft will now be discussed in Q2 2022 (previously H1 2022)
  • Disclosure initiative — Targeted standards-level review of disclosures — Feedback on the exposure draft will now be discussed in Q2 2022 (previously Q1 2022)
  • Rate-regulated activities After the discussion of the feedback on the exposure draft in October and November 2021, a decision on the project direction is now expected in December 2021

Maintenance projects

  • Non-current liabilities with covenants — After publication of the exposure draft on 19 November 2021 the next project step in now the discussion of the feedback on the exposure draft in H1 2022; the project has also been renamed from the previous Classification of debt with covenants as current or non-current

Research projects

  • Dynamic risk management — A decision on the project direction is now expected in Q1 2022 (previously H1 2022)
  • Equity method — A decision on the project direction is now expected in Q1 2022 (previously no date given)
  • Extractive activities — A decision on the project direction is now expected in H2 2022 (previously H1 2022)
  • Goodwill and impairment — A decision on the project direction is now expected in Q2 2022 (previously Q1 2022)
  • Pension benefits that depend on asset returns The publication of a project summary is now expected in H1 2022 (previously no date given)

Other projects

  • IFRS Taxonomy Update — 2021 General improvements and common practice The date entry for a proposed update (December 2021) has been removed from the work plan
  • IFRS Taxonomy Update — 2021 technology update Newly added to the work plan with an expected date December 2021for the proposed update
  • Sustainability-related reporting The entry that was erraneously kept in the work plan has been removed with the announcement of the creation of the new ISSB

The above is a faithful comparison of the IASB work plan at 1 November 2021 and 23 November 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.