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

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

28 Nov, 2022

Following the IASB's and ISSB's November 2022 meetings, 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 October 2022.

Below is an analysis of all changes made to the work plan since our last analysis on 25 October 2022.

Stan­dard-set­ting projects

  • Financial instruments with characteristics of equity — The expected date for the exposure draft has been added for H2 2023.

Main­te­nance projects

  • Amend­ments to the clas­si­fi­ca­tion and mea­sure­ment of financial in­stru­ments —This project exposure draft is now expected in Q2 2023 (previously H1 2023).
  • International tax reform — pillar two model rules — This project has now been added to the work plan and an exposure draft is expected in January 2023.
  • Lack of exchangeability (amendments to IAS 21) — A decision on the project’s direction is expected in December 2022 (previously no date given).
  • Non-current liabilities with covenants (amendments to IAS 1) — Project is removed from work plan since the issuance of amendments on 31 October 2022.
  • Supplier finance arrangements — Amendments are expected to be issued in H1 2023.

Strategy & governance projects

  • ISSB consultation on agenda priorities — The request for information will occur in H1 2023 (previously December 2022).

Research projects

  • Ex­trac­tive ac­tiv­i­ties — A decision on the direction of the project is now expected in Q2 2023 (pre­vi­ously H1 2023).
  • Goodwill and impairment — The decision on the project direction is now expected in December 2022 (previously November 2022).

Other projects

  • IFRS accounting taxonomy update — 2022 General Im­prove­ments and Common Practice — Feedback on the proposal is expected in Q1 2023.
  • IFRS accounting taxonomy update — amendments to IFRS 16 and IAS 1 — Feedback on the proposal is expected in Q1 2023.

The above is a faithful com­par­i­son of the IASB and ISSB work plan at 25 October 2022 and 28 November 2022. For access to the current work plan at any time, please click here.

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