Below is an analysis of all changes made to the work plan since our last analysis on 25 July 2020.

Research projects

• Dynamic Risk Management — Core model outreach is now expected in October 2020 (previously Q4 2020).

Other projects

• IFRS Taxonomy Update — 2020 General Improvements and Common Practice — A proposed IFRS Taxonomy Update is now expected in October 2020 (previously Q4 2020).
• IFRS Taxonomy Update — Common Practice (IAS 19 Employee Benefits) — The timing of a proposed IFRS Taxonomy Update is now expected in October 2020 (previously Q4 2020).

The above is a faithful comparison of the IASB work plan at 25 July 2020 and 11 August 2020. For access to the current IASB work plan at any time, please click here.

For more in­for­ma­tion, see the press release on the IASB’s website.

The Foundation has been holding all meetings remotely since March and will continue with videoconference meetings through December 2020.

For more information, see the press release on the IASB's website.

The fourth and final webinar in this series will be held on 21 August 2020. It will explain the Board’s detailed proposals for management performance measures. The webinar will last approximately 60 minutes and will include a question-and-answer session. More information is available here.

For more in­for­ma­tion, see press release on the IASB's website.

The update reports on the EFRAG Board conference call on 6 July and webcast meeting on 16 July, the EFRAG TEG webcast meeting on 1-2 July, 8 July and a conference call on 6 July and the EFRAG TEG and EFRAG CFSS webcast meeting on 1 July.  The publication also covers the activities of the European Reporting Lab.

The update also lists EFRAG publications issued in July including:

• EFRAG's final endorsement advice relating to Extension of the Temporary Exemption from Applying IFRS 9 (Amendments to IFRS 4 Insurance Contracts);
• EFRAG's discussion paper to gather constituents' views on the accounting for crypto-assets (liabilities) from the hiolder and issuer perspective; and
• EFRAG's call for TEG members.

Please click to download the July EFRAG Update from the EFRAG website.

The webinars will be hosted by IASB Board Member Darrel Scott and the IASB’s technical staff. Participates are allowed to submit question prior to the webinars.

For more information, see the press release on the IASB’s website.

Most of the 20 jurisdictions surveyed for the paper expressed the belief that IFRS 17 will contribute to financial stability through greater transparency as the current international accounting standards for insurance contracts permit a variety of approaches, which complicate comparison between insurers’ financial results. The paper states:

Overall, IFRS 17 is a welcome development. It is aimed at improving global comparability with respect to the structure of liability valuation and transparency in insurer balance sheets, thus benefiting policyholders, investors and, ultimately, financial stability.

Please click to access the paper on the BIS website.

Please click for more information and registration for the event on the EFRAG website.

For more information, see the press release on the IASB’s website.