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IASB work plan update for March 2014

  • IASB (International Accounting Standards Board) Image

Mar 26, 2014

Following its recent meeting, the IASB has updated its work plan. An exposure draft of the Conceptual Framework is expected in the fourth quarter of 2014, and the expected timing of the macro hedge accounting discussion paper has been extended to include the second quarter of this year. A number of other expected dates have been clarified, a new project added, and some new expected dates introduced.

Current status

The revised timetable for the major projects is now as follows:

Project Current status Next project step Expected timing

Conceptual Framework — Comprehensive IASB project

Redeliberations

Exposure draft

Q4 2014*

Financial instruments — Impairment

Redeliberations

Finalized IFRS

Q2 2014

Financial instruments — Macro hedge accounting

Research/deliberations

Discussion paper

Q1 or Q2 2014*

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

Redeliberations

Finalized IFRS

Q2 2014

Insurance contracts

Reexposure

Redeliberations

Q1 2014

Leases

Reexposure

Redeliberations

Q1 2014

Rate-regulated activities — Comprehensive project

Research/deliberations

Discussion paper

Q2 2014

Revenue recognition

Redeliberations

Finalized IFRS

Q2 2014

* Indicates a change since the prior work plan update.

Changes concerning narrow scope projects are:

Click for the IASB work plan dated March 26, 2014 (link to IASB's Web site). We have updated our project pages to reflect the updated work plan and other known developments.

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