Below is an analysis of all changes made to the work plan since our last analysis on 1 June 2023.

Standard-setting projects

• Climate-related disclosures — This project has been removed from the work plan since the ISSB issued IFRS S2 Climate-related Disclosures on 26 June 2023.
• Financial instruments with characteristics of equity — An exposure draft is now expected in Q4 2023 (previously H2 2023).
• General requirements — This project has been removed from the work plan since the ISSB issued IFRS S1 General Requirements for Disclosure of Sustainability-Related Financial Information on 26 June 2023.
• Second comprehensive review of the IFRS for SMEs — At its June 2023 meeting, the IASB decided to develop an IFRS Accounting Standard as next step in this project (expected in 2025).

Maintenance projects

• Amendments to the IFRS for SMEs Accounting Standard — International Tax Reform — Pillar Two Model Rules — Feedback on the exposure draft is now expected to be discussed in August 2023 (previously Q3 2023).
• Lack of Exchangeability (Amendments to IAS 21) — An IFRS Accounting Standard amendment is now expected in August 2023 (previously Q3 2023).

Research projects

• Post-implementation Review of IFRS 9: Impairment — Feedback on the request for information published in May 2023 is now expected to be discussed in Q4 2023 (previously H2 2023).

Other projects

• IFRS Accounting Taxonomy Update — Common Practice (Financial Instruments) and General Improvements — This project has been added to the work plan with a proposed IFRS Taxonomy update expected in Q4 2023.

The above is a faithful comparison of the IASB and ISSB work plan at 1 June 2023 and 27 June 2023. For access to the current work plan at any time, please click here.