Updated IASB and ISSB work plan — Analysis (January 2023)

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

30 Jan, 2023

Following the IASB's and ISSB's January 2023 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 December 2022.

Below is an analysis of all changes made to the work plan since our last analysis on 19 December 2022.

Stan­dard-set­ting projects

  • Disclosure Initiative — Targeted Standards-level Review of Disclosures  — The project summary is now expected in March 2023 (previously Q1 2023).
  • Second comprehensive review of the IFRS for SMEs Accounting Standard — Feedback on the exposure draft is expected in Q2 2023 (previously H1 2023).

Main­te­nance projects

  • Amend­ments to the clas­si­fi­ca­tion and mea­sure­ment of financial in­stru­ments — This project exposure draft is now expected in March 2023 (pre­vi­ously Q1 2023).
  • International Tax Reform — Pillar Two Model Rules — Feedback on the exposure draft is expected by April 2023.
  • Lack of ex­change­abil­ity (amend­ments to IAS 21) — Final amend­ments to IAS 21 are expected in H2 2023 (previously H1 2023).

Research projects

  • Equity Method— A decision on the project direction is expected in April 2023.
  • Extractive Activities — A decision on the project direction is now expected in H2 2023 (previously Q2 2023).
  • Post-implementation Review of IFRS 15 — Request for information is expected in Q2 2023 (previously H1 2023).
  • Post-implementation review — IFRS 9 (Classification and measurement) — Removed from the work plan since the release of the final project report and feedback statement concluded the project on 21 December 2022.

Strategy & governance projects

  • ISSB Consultation on Agenda Priorities — Request for information is expected in Q2 2023 (previously H1 2023).

Other projects

  • IFRS Sustainability Disclosure Taxonomy — The proposed IFRS Sustainability Disclosure Taxonomy is expected in H2 2023.

The above is a faithful com­par­i­son of the IASB and ISSB work plan at 19 December 2022 and 30 January 2023. For access to the current work plan at any time, please click here.

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