Updated IASB work plan

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26 Mar 2013

Following its March meeting, the International Accounting Standards Board has updated its work plan. A timing of expected milestones in a number of projects has been changed, and a number of new expected project steps and narrow scope projects have been added.

Summary of changes

Details of the changes are:

Updates to major projects

Newly added narrow-scope projects

Updates to narrow-scope projects

A large number of due process documents are expected in the second or third quarters.  Projects where exposure drafts are expected in the second quarter include insurance contracts, leases, rate-regulated activities (interim IFRS).  In addition, the finalised IFRS on revenue recognition is expected to be finalised by the end of June 2013, and a discussion paper on the IASB's conceptual framework project is also expected within the same time frame.  In addition, due process documents in a number of other projects are expected in the second or third quarters.

Click for IASB work plan dated 25 March 2013 (link to IASB website). We have updated our project pages to reflect the updated work plan and other known developments.

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