The main change in the work plan presentation is that the Board’s active research projects and standard-setting projects are presented on one page, with research appearing before standard-setting. This was done to indicate that research projects typically lead on to standard-setting projects (if the research provides sufficient evidence that standard-setting is needed), to avoid implying that standard-setting projects are automatically more important or more urgent than research projects, and to avoid the confusion caused by some projects appearing on both the research and major projects pages.
The research projects now also include milestones for progress made and expected, however, they are of the same kind as the ones used for major projects so that slippage cannot be detected from one month to the next. Also, research projects are no longer classified as being in either the assessment or the development phase as the distinction was confusing to users. Projects that are in the “research pipeline” are no longer presented in the work plan at all.
The page dedicated to narrow scope amendments and IFRS maintenance now also includes IFRS Taxonomy activities and developments in the post-implementation reviews.
Changes to the projects itself include:
Research projects
Standard-setting and related projects (major projects)
Implementation projects (narrow scope amendments)
The revised IASB work plan is available on the IASB's website.