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

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

19 Dec, 2022

Following the IASB's and ISSB's December 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 November 2022.

Below is an analysis of all changes made to the work plan since our last analysis on 28 November 2022.

Stan­dard-set­ting projects

  • Business combinations: Disclosures, goodwill and impairment — This project is the project formerly known as Goodwill and im­pair­ment — has been moved form the research agenda to the standard-setting agenda of the IASB; the next project milestone will be the publication of an exposure draft (no date given).

Main­te­nance projects

  • Amend­ments to the clas­si­fi­ca­tion and mea­sure­ment of financial in­stru­ments — This project exposure draft is now expected in Q1 2023 (pre­vi­ously Q2 2023).
  • Lack of ex­change­abil­ity (amend­ments to IAS 21) — After a decision on the project direction, final amendments to IAS 21 are expected in H1 2023.
  • Supplier finance arrange­ments — Amend­ments are expected to be issued in Q2 2023 (previously H1 2023).

Research projects

  • Post-implementation review of IFRS 9 — Impairment — A request for information is now expected in Q2 2023 (previously H1 2023).

Other projects

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

The above is a faithful com­par­i­son of the IASB and ISSB work plan at 28 November 2022 and 19 December 2022. For access to the current work plan at any time, please click here.

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