Research Update - Agenda Paper 8

Background

The staff gave a brief update on the research programme since the last update, provided in the Board’s meeting in December 2018.

The main updates are with regard to the following:

• The Board published project summaries for the research projects on Discount Rates and Disclosure Initiative—Principles of Disclosure and a project report and feedback summary on the post-implementation review (PIR) of IFRS 13 Fair Value Measurement
• The Board moved the project on IBOR Reform and the Effects on Financial Reporting from the research programme to the maintenance programme
• The project on Subsidiaries that are SMEs became active in March 2019.
• The project on Pension Benefits that Depend on Asset Returns has become dormant and is expected to restart in Q3 of 2019.
• The staff expect to start work on the PIR of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities in Q2 of 2019.
• The staff also expect to start work on the pipeline project on the Equity Method in Q2 or Q3 of 2019 because there is some overlap with some of the issues that will be considered in the PIR of IFRS 11.

The Board was not asked to make any decisions in this session.

Discussion

One Board member asked if there is any update on the staff’s intention to conduct the PIR of IFRS 10 to 12 in phases. The staff responded that there is no update.

One Board member asked if the staff have an estimate as to when Business Combinations under Common Control would be moved to the standard-setting agenda. The staff responded that at the moment a Discussion Paper would be likely as the next step, which means it would stay in the research phase until after the Discussion Paper has been exposed.