Below is an analysis of all changes made to the work plan since our last analysis on 28 July 2023.

Standard-setting projects

• Disclosure Initiative — Subsidiaries without public accountability: Disclosures — A final standard is now expected in H1 2024 (previously 2024)
• Financial instruments with characteristics of equity — An exposure draft is now expected in November 2023 (previously Q4 2023)
• Management commentary — A decision on the project’s direction is now expected in H1 2024 (previously Q4 2023)
• Second comprehensive review of the IFRS for SMEs — A final standard is now expected in 2024 (previously 2025)

Maintenance projects

• Amendments to the classification and measurement of financial instruments — The next project step is now the publication of final amendments in H1 2024
• Amendments to the IFRS for SMEs — International tax reform — The next project step is now the publication of final amendments in September 2023
• Annual improvements to IFRS Accounting Standards — After the publication of the exposure draft in September 2023, feedback will discussed in Q1 2024; the following projects are included:
  • Cost Method (Amendments to IAS 7)
  • Credit Risk Disclosures (Amendments to Illustrative Examples accompanying IFRS 7)
  • Determination of a ‘De Facto Agent’ (Amendments to IFRS 10)
  • Disclosure of Deferred Difference Between Fair Value and Transaction Price (Amendments to Illustrative Guidance accompanying IFRS 7)
  • Gain or Loss on Derecognition (Amendments to IFRS 7)
  • Hedge Accounting by a First-time Adopter (Amendments to IFRS 1
  • Lessee Derecognition of Lease Liabilities (Amendments to IFRS 9)
  • Transaction Price (Amendments to IFRS 9)
• Climate-related and other uncertainties in the financial statements — The project has been renamed; the next project step is now a decision on the project direction expected in H1 2024
• Lack of exchangeability — The project has been removed from the work plan as final amendments were published in August 2023
• Power purchase agreements — A project newly added to the work plan; a decision on the project direction is expected in H1 2024

Research projects

• Business combinations under common control — A decision on the project direction is expect in November 2023 (previously September 2023)
• Extractive activities — The next project step is now the publication of a project summary expected in Q4 2023
• Post-implementation review of IFRS 15 — The feedback received will now be discussed in Q1 2024 (previously H1 2024)
• Post-implementation review of IFRS 9 (Impairment) — The feedback received will now be discussed in November 2023 (previously Q4 2023)

Other projects

• IFRS Accounting Taxonomy Update — Amendments to IAS 12, IAS 21, IAS 7 and IFRS 7 — The proposed IFRS Taxonomy update is expected in October 2023 (previously September 2023)
• IFRS Accounting Taxonomy Update — Common practice (Financial instruments) and general improvements — The proposed IFRS Taxonomy update is expected in November 2023 (previously Q4 2023)

The above is a faithful comparison of the IASB and ISSB work plan at 28 July 2023 and 26 September 2023. For access to the current work plan at any time, please click here.