IASB work plan updated
17 Dec 2013
Following its recent meeting, the International Accounting Standards Board (IASB) has updated its work plan. Some smaller adjustment were made but mainly the new work plan simply provides a consolidated view of the current status with finalised projects removed and redeliberation dates added for projects where exposure drafts have been published.
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 |
Q1 2014* |
|
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.
Changes concerning narrow scope projects are:
- Following the publication of exposure drafts, redeliberations of IAS 27 — Equity method in separate financial statements (Q1 2014) and Annual improvements — 2012-2014 cycle (Q2 2014) have been announced
- a new project Annual improvements — 2013-2015 cycle has been added (Exposure draft expected in Q3 2014)
- the project IAS 19 — Discount rate was removed from the work plan as the IASB decided during its meeting in December 2013 that "no further work is currently planned on the issue of determining the discount rate for post-employment benefit obligations"
- the 'Request for Information' in connection with the Post-implementation review — IFRS 3 is now expected to be published in the second quarter of 2014.
Click for the IASB work plan dated 17 December 2013 (link to IASB website). We have updated our project pages to reflect the updated work plan and other known developments.