IASB work plan updated
26 Nov 2013
Following its recent meeting, the International Accounting Standards Board (IASB) has updated its work plan. The redeliberations on insurance contracts have been deferred to the first quarter of 2014 and the discussion paper on rate regulation is now expected in the second quarter of 2014. Next steps in the narrow scope project on put options will be determined in the first quarter of 2014.
Current status
The revised time table for the major projects is now as follows:
Project |
Current status |
Next project step |
Expected timing |
---|---|---|---|
Discussion paper |
Redeliberations |
Q1/Q2 2014 |
|
Redeliberations |
Finalised IFRS |
Q1/Q2 2014 |
|
Research/deliberations |
Discussion paper |
Q1 2014 |
|
Financial instruments — Limited reconsideration of IFRS 9 (classification and measurement) |
Redeliberations |
Finalised IFRS |
Q1/Q2 2014 |
Re-exposure |
Redeliberations |
Q1 2014* |
|
Re-exposure |
Redeliberations |
Q4 2013 |
|
Exposure draft |
Finalised IFRS |
Q1 2014 |
|
Research/deliberations |
Discussion paper |
Q2 2014* |
|
Redeliberations |
Finalised IFRS |
Q1 2014 |
* Indicates a change since the prior work plan update.
Next steps in the narrow scope project IAS 32 — Put options over non-controlling interests will be determined in the first quarter of 2014. The conceptual framework discussion paper published in July 2013 contains a proposal which would provide a solution that could be applied to this project. Comments on the discussion paper close on 14 January 2014 and constituent feedback will probably figure in determining how to proceed with the narrow scope project on put options.
Click for the IASB work plan dated 26 November 2013 (link to IASB website). We have updated our project pages to reflect the updated work plan and other known developments.