IASB issues work plan update for December 2014
18 Dec 2014
Following its December meeting and today's issuance of two final amendments and one exposure draft resulting from implementation projects, the International Accounting Standards Board (IASB) has updated its work plan. Changes are slight.
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 |
Comment letter analysis |
Q1 2015 |
|
|
Re-exposure |
Redeliberations |
Q1 2015* |
|
|
Re-exposure |
Target IFRS |
H2 2015 |
|
|
Board discussion |
Target Discussion Paper |
Q2 2015 |
|
|
Disclosure initiative — Reconciliation of liabilities from financing activities |
Exposure draft |
Public consultation |
Q1 2015* |
|
Redeliberations |
Target IFRS |
Q1 or Q2 2015* |
|
|
Discussion paper |
Public consultation |
Q1 2015 |
* Indicates a change since the previous work plan update on 24 November 2014.
In addition, comment letter analysis in the unit of account project has been postponed to the first quarter of 2015, first Board discussions in the disclosure initiative project on disclosure review will begin in the first quarter of 2015, and the disclosure initiative project on materiality is expected to see a draft practice statement in the second quarter of 2015.
Click for the IASB work plan dated 18 December 2014 (link to IASB website). We have updated our project pages to reflect the updated work plan and other known developments.
