Updated IASB work plan — Analysis
28 Apr 2017
Following its April 2017 meeting, the IASB has updated its work plan. There were no major changes – three EDs/DPs are out, which is reflected, and four maintenance projects have been moved forward by three months. The joint ED on definition of a business and previously held interests has been split up into two projects again with the previously held interests going to see final amendments (after six months) and the definition of a business awaiting a project direction decision (within three months).
Below is an analysis of all changes made to the work plan since the last update in March 2017.
Research projects
- Disclosure initiative: Principles of Disclosure — The project has enter a public consultation phase with a comment period ending 2 October 2017. A decision on the project direction will occur after six months.
Narrow-scope amendments
- Accounting policies and accounting estimates — The publication of an exposure draft is now expected in June 2017.
- Previously held interests in a joint operation (amendments to IFRS 3 and IFRS 11) — This project has been separated from the definition of a business project and IFRS amendments are expected after six months.
- Improvements to IFRS 8 Operating Segments — The project has enter a public consultation phase with a comment period ending 31 July 2017. A decision on the project direction will occur after six months.
- Plan amendment, curtailment or settlement / Availability of a refund (amendments to IAS 19 and IFRIC 14) — IFRS amendments are now expected within six months.
- Property, plant and equipment: proceeds before intended use (proposed amendments to IAS 16) — The publication of an exposure draft is now expected in June 2017.
- Prepayment features with negative compensation (proposed amendments to IFRS 9) — The project has enter a public consultation phase with a comment period ending 24 May 2017. A decision on the project direction will occur within three months.
- Annual improvements 2015–2017 — A decision on the project’s direction is now expected within three months.
The revised IASB work plan is available on the IASB's website.
Related Topics
- Annual improvements — 2015-2017 cycle
- Changes in accounting policies and estimates
- Clarifications arising from the post-implementation review of IFRS 8
- Disclosure initiative — Principles of disclosure
- IFRS 3 — Definition of a business
- IAS 19/IFRIC 14 — Remeasurement at a plan amendment, curtailment or settlement / Availability of a refund of a surplus from a defined benefit plan
- IAS 16 — Proceeds before intended use
- IFRS 9 — Prepayment features with negative compensation
- IFRS 3/IFRS 11 — Remeasurement of previously held interests
