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IASB updates work plan

  • IASB (International Accounting Standards Board) (blue) Image

24 Jun 2016

Following its June 2016 meeting, the IASB has updated its work plan. As mentioned before, directly tracing the Board's progress on the individual projects has become impossible since the change of the work plan format in July 2015, unless the Board makes definite progress or has to make larger corrections. Of these, only a few can be identified since the previous work plan. The work plan also indicates that EDs on the definition of a business and on the remeasurement of previously held interests are to be expected next week.

Changes to the work plan include:

Major projects

  • No changes made to major projects.

Im­ple­men­ta­tion projects

In addition, the work plan makes clear that exposure drafts on the definition of a business and on the remeasurement of previously held interests are to be expected next week since the work plan still states that these will come out in June (which ends next week).

Finally, the IASB has updated the details of the primary financial statements research project indicating that initial research will focus on:

  • the structure and content of the statement(s) of financial performance;
  • the potential demand for changes to the statement of cash flows and the statement of financial position; and
  • the implications of digital reporting for the structure and content of the primary financial statements.

The revised IASB work plan is available on the IASB's website.

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