IASB updates work plan
18 Nov 2016
Following its November 2016 meeting, the IASB has updated its work plan.
Standard-setting and related projects
- Disclosure initiative: materiality practice statement — the issuance of the practice statement is now expected after 6 months.
Narrow-scope amendments and IFRIC Interpretations
- Property, plant and equipment: proceeds before intended use (proposed amendments to IAS 16) — the issuance of an exposure draft is now expect within 6 months.
- Uncertainty over income tax treatments — the issuance of an IFRIC Interpretation is now expected within 6 months.
IFRS Taxonomy
- The proposed updates for Common Practice — Agriculture, leisure, franchises and retail and Common Practice — Banks are now expected in December.
Agenda consultation
- IASB Work Plan 2017–2021: Feedback statement on the 2015 Agenda Consultation was added to the work plan.
The revised IASB work plan is available on the IASB's website.