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IASB work plan updated

  • IASB (International Accounting Standards Board) Image

Nov 05, 2013

Following its recent meeting, the IASB has updated its work plan. The work plan formalizes plans to defer to the first quarter of 2014 the discussion paper on macro hedge accounting and the finalized standards on rate-regulated activities (interim IFRS) and revenue recognition. Deferrals have also been announced on a number of narrow scope projects.

Current status

The revised time table for the major projects is now as follows:

Project

Current status

Next project step

Expected timing

Conceptual Framework — Comprehensive IASB project

Discussion paper

Redeliberations

Q1/Q2 2014*

Financial instruments — Impairment

Redeliberations

Finalized IFRS

Q1/Q2 2014

Financial instruments — General hedge accounting

Redeliberations

Finalized IFRS

Q4 2013

Financial instruments — Macro hedge accounting

Research/deliberations

Discussion paper

Q1 2014*

Financial instruments — Limited reconsideration of IFRS 9 (classification and measurement)

Redeliberations

Finalized IFRS

Q1/Q2 2014

Insurance contracts

Reexposure

Redeliberations

Q4 2013

Leases

Reexposure

Redeliberations

Q4 2013

Rate-regulated activities — interim IFRS

Exposure draft

Finalized IFRS

Q1 2014*

Rate-regulated activities — Comprehensive project

Research/deliberations

Discussion paper

Q1 2014

Revenue recognition

Redeliberations

Finalized IFRS

Q1 2014*

* Indicates a change since the prior work plan update.

There have also been changes to the timing of a number of narrow scope projects:


In addition, the publication of a request for information arising from the post-implementation review of IFRS 3 is now expected in the first quarter of 2014.

Click for IASB work plan dated November 5, 2013 (link to IASB Web site). We have updated our project pages to reflect the updated work plan and other known developments.

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