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Updated IASB work plan — Analysis

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

19 Jan 2017

Following its January 2017 meeting, the IASB has updated its work plan. In particular, the new standard on insurance (IFRS 17) is now expected in May and no longer in March since the fatal flaw review revealed some small issues that the staff wants to lay before the Board before finalising the draft. Also, following yesterday's decision to take a project on IFRS 9 and prepayment options onto the agenda, the IASB now announces that it expects to publish an exposure draft on the issue in April.

Below is an analysis of all changes made to the work plan since the last update in December 2016.

Research projects

Standard-setting and related projects

  • Disclosure initiative: Materiality (practice statement) — the expected publication of the practice statement has moved forward and is now given as "within 6 months"
  • Insurance contracts — the expected issuance of the IFRS has been delayed to May since the fatal flaw review revealed some small issues that the staff wants to lay before the Board before finalising the draft

Nar­row-scope amend­ments

IFRS Taxonomy

  • In line with the delayed expected publication of the new insurance standard, the publication of a proposed related IFRS Taxonomy Update has also been pushed back to May

Post-implementation reviews

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

Correction list for hyphenation

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