Research programme

Date recorded:

Research Update (Agenda Paper 8)


This paper highlighted the following main developments in the research programme since April 2019:

  • The Board has reviewed the feedback received on the Discussion Paper Financial Instruments with Characteristics of Equity.
  • The Board has reached preliminary views on Goodwill and Impairment and given the staff permission to start drafting a Discussion Paper.
  • The Board has continued to develop the core model for Dynamic Risk Management.
  • The Board has continued to discuss Business Combinations under Common Control.
  • The Board has discussed stakeholder feedback on the scope of a possible project to amend aspects of IAS 37.
  • The project on Pension Benefits that Depend on Asset Returns is expected to restart in Q4, with the aim of asking the Board to review the research in H2 2020.
  • The staff are starting work on the post-implementation review (PIR) of IFRS 10, IFRS 11 and IFRS 12.
  • The staff are considering whether to start work on the pipeline project on the equity method in the next few months.
  • It is now unlikely that work will start in the next few months on the other pipeline projects, or on the Post-implementation Review of IFRS 5. This is because of the need to devote resources to high-priority projects, such as the amendments to IFRS 17 and IBOR.

Board discussion

The staff informed the Board that in addition to the information in the agenda paper, they are now planning for the Board to issue the Discussion Paper on Goodwill and Impairment in February 2020.

One Board member asked whether the research project on the equity method would have some touching points with the PIR on IFRS 11. This was confirmed by the staff. The equity method project is likely to start soon and has a good basis already as it has been discussed several times by the Board a few years ago.

With regard to the pipeline projects, the Board asked whether they would be included in the Request for Information (RFI) on the Agenda Consultation. The staff confirmed that the Board would be asked before the RFI is issued as to whether or not they should be included. By then for some of those initial work will have started, which might give the Board a better basis for decision than the information today.

No decision has been made.

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