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IASB work plan update for June 2014

  • IASB (International Accounting Standards Board) Image

Jun 24, 2014

The IASB has updated its work plan after its recent meeting. Because the second quarter of 2014 will end next Monday, most consultation documents that were marked as expected in the second quarter of 2014 have been moved to the third quarter of 2014, and as a consequence, some other projects have been moved to the fourth quarter of 2014. The only pronouncements still expected in June are the IAS 41 amendments on bearer plants.

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 Redeliberations Exposure draft Q4 2014
Financial instruments — Impairment Redeliberations Finalized IFRS Q3 2014*
Financial instruments — Macro hedge accounting Discussion paper Public consultation Q2 and Q3 2014
Financial instruments — Limited reconsideration of IFRS 9 (classification and measurement) Redeliberations Finalized IFRS Q3 2014*
Insurance contracts Re-exposure Redeliberations Q2 2014
Leases Re-exposure Redeliberations Q2 2014
Disclosure initiative — Amendments to IAS 1 Exposure draft Redeliberations Q3 2014
Disclosure initiative — Reconciliation of liabilities from financing activities Redeliberations Exposure draft Q4 2014

* Indicates a change since the prior work plan update.

Changes concerning narrow-scope projects are:

Click here for the IASB work plan dated June 24, 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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