Updated IASB and ISSB work plan — Analysis (July 2022)

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

25 Jul, 2022

Following the IASB's and ISSB's July 2022 meeting, we have analysed the work plan on the IFRS Foundation website to see what changes have resulted from the meetings and other developments since the work plan was last revised in June 2022. Changes are few, but two new 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 27 June 2022.

Standard-setting projects

  • Disclosure initiative — Targeted standards-level review of disclosures — The IASB will now decide on the project direction in Q4 2022 (previously Q3 2022)

Maintenance projects

  • Lease liability in a sale and leaseback — A final amendment is now expected in September 2022 (previously Q3 2022)
  • Supplier finance arrangements — After discussion the feedback on the exposure draft, a decision on the project direction is now listed as the next project step (no date given)

Research projects

  • Extractive activities — A decision on the project direction is now expected in September 2022 (previously July 2022)
  • Post-implementation of IFRS 9 — Impairment — An initial discussion of this project took place during the IASB's July meeting; the next expected project step is a request for information to be published in H1 2023

Other projects

  • ISSB consultation on agenda priorities — An initial discussion of this project took place during the ISSB's July meeting; the next expected project step is a request for information to be published in Q4 2022
  • Third agenda consultation no changes, the work plan still notes "July 2022" for the feedback statement to be published this would mean later this week

The above is a faithful comparison of the IASB and ISSB work plan at 27 June 2022 and 25 July 2022. For access to the current work plan at any time, please click here.

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