Updated IASB and ISSB work plan — Analysis (March 2023)
27 Mar, 2023
Following the IASB's and ISSB's March 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 February 2023. Two new projects, one for the IASB and one for the ISSB, have been added to the work plan.
Below is an analysis of all changes made to the work plan since our last analysis on 2 March 2023.
Standard-setting projects
- Disclosure initiative — Targeted standards-level review of disclosures — This project has been removed from the work plan as the IASB completed it by publishing a project summary and feedback statement on 8 March 2023
- International applicability of the SASB standards — This project has been newly added to the work plan; the ISSB expects to publish an exposure draft in May 2023
Maintenance projects
- Amendments to the classification and measurement of financial instruments — The IASB published an exposure draft on 21 March 2023; the next expected project step is the discussion of the feedback received in H2 2023
- Climate-related risks in the financial statements — This project has been newly added to the work plan; the IASB expects to review the research in H2 2023
Other projects
- IFRS Accounting Taxonomy Update — 2022 General improvements and common practice — This project has been removed from the work plan as the IFRS Foundation included final updates in the 2023 IFRS Accounting Taxonomy
- IFRS Accounting Taxonomy Update — Amendments to IFRS 16 and IAS 1 — This project has been removed from the work plan as the IFRS Foundation included final updates in the 2023 IFRS Accounting Taxonomy
The above is a faithful comparison of the IASB and ISSB work plan at 2 March 2023 and 27 March 2023. For access to the current work plan at any time, please click here.
