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IASB issues work plan update for September

  • IASB (International Accounting Standards Board) Image

Sep 26, 2014

Following its September meeting, the IASB has updated its work plan. The revised plan updates the expected redeliberations period for the amendments to IAS 1 and recognition of deferred tax assets for unrealized losses projects, and extends the expected timing of the exposure draft on the conceptual framework and liabilities projects. The rate-regulated activities project now appears as a major project, while the principles of disclosure remained as a research project. The public consultation periods for the rate-regulated activities and unit of account projects are now noted in the revised work plan. Further, the revised plan provides an expected date for a final IFRS on amendments to IAS 1 (Q4 2014) as well as a discussion paper on principles of disclosure (Q1 2015). Lastly, the plan includes updates to the expected timing of Board discussions for various research projects.

 

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

Q1 2015

Financial instruments — Macro hedge accounting

Discussion paper

Public consultation

Q4 2014*

Insurance contracts

Reexposure

Redeliberations

Q4 2014

Leases

Reexposure

Redeliberations

Q4 2014

Disclosure initiative — Principles of disclosure

Board discussion

Targeted Discussion Paper

Q1 2015*

Disclosure initiative — Amendments to IAS 1

Exposure draft

Redeliberations and Target IFRS

Q4 2014*

Disclosure initiative — Reconciliation of liabilities from financing activities

Redeliberations

Exposure draft

Q4 2014

IFRS for SMEs — Comprehensive review

Exposure draft

Redeliberations

Q4 2014

Rate-regulated activities

Discussion paper

Public consultation

Q4 2014 and Q1 2015*

* Indicates a change since the previous work plan update on 30 July 2014.

In addition, the expected timing of Board discussion has been deferred for the following research projects:

Click for the IASB work plan dated September 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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