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Latest IASB work plan shows extended deliberation phases for financial instruments projects

  • IASB (International Accounting Standards Board) Image

Jun 24, 2013

Following its recent meeting, the IASB has updated its work plan. The expected timing of the classification and measurement, impairment, and macro hedge accounting projects has been pushed back; general hedge accounting, however, is still expected in the third quarter of 2013. In addition, the timing of some narrow scope projects has been clarified.

Summary of changes

Details of the changes are:

Updates to major projects

Updates to narrow-scope projects

Projects in which due process documents are expected in the second quarter include a discussion paper on the conceptual framework project, a published report on the post-implementation review of IFRS 8, and finalized amendments on the novation of derivatives. In addition, an exposure draft of proposed amendments to IAS 41, Agriculture, on bearer plants is expected to be issued in the second or third quarter of 2013.

Click for the IASB work plan dated June 21, 2013 (link to the IASB's Web site). We have updated our project pages to reflect the updated work plan and other known developments.

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