IASB issues work plan update for October 2014
28 Oct 2014
Following its October meeting, the International Accounting Standards Board (IASB) has updated its work plan. The revised plan adds an expect dates for final IFRSs on leases (H2 2015) and investment entities (Q4 2014); narrows the target range for the discussion paper on principles of disclosure to the second quarter of 2015; and moves the target date for an exposure draft on the classification of liabilities to the first quarter of 2015. Further, the revised plan provides an updated date for the feedback statement on the post-implementation review of IFRS 3 (now Q1 2015). Lastly, it includes updates to the expected timing of board discussions for the research project on inflation (Q1 2015) and adds a new research topic on performance reporting to be discussed during the first quarter of 2015.
Current status
The revised time table for the major projects is now as follows:
| Project | Current status | Next project step | Expected timing |
|---|---|---|---|
|
Redeliberations |
Exposure draft |
Q1 2015 |
|
|
Discussion paper |
Public consultation |
Q4 2014 |
|
|
Re-exposure |
Redeliberations |
Q4 2014 |
|
|
Re-exposure |
Target IFRS |
H2 2015* |
|
|
Board discussion |
Targeted Discussion Paper |
Q2 2015* |
|
|
Exposure draft |
Target IFRS |
Q4 2014 |
|
|
Disclosure initiative — Reconciliation of liabilities from financing activities |
Redeliberations |
Exposure draft |
Q4 2014 |
|
Exposure draft |
Redeliberations |
Q4 2014 |
|
|
Discussion paper |
Public consultation |
Q4 2014 and Q1 2015 |
* Indicates a change since the previous work plan update on 26 September 2014.
Click for the IASB work plan dated 28 October 2014 (link to IASB website). We have updated our project pages to reflect the updated work plan and other known developments.
