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Updated IASB work plan — Analysis

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

17 Nov 2017

Following the IASB's November 2017 meeting, we have analysed the IASB work plan to see what changes have resulted from the meeting and other developments in November. Changes mostly relate to a new project on management commentary and the fact that the direction of the Board project adressing issues identified during the PIR of IFRS 8 needs to be decided.

Below is an analysis of all changes made to the work plan since our last analysis on 27 October 2017.

Major projects

  • A new project Management commentary (Wider corporate reporting) has been added to the IASB's agenda. The aim of the project is to review and update the Management Commentary Practice Statement issued in 2010 to help address the lack of alignment and integration between wider corporate reporting and financial reporting. The next project step will be an exposure draft, however, the Board is still considering the timetable for the publication of the ED.
  • Definition of material - feedback on the ED is now expected in February 2018 (was: first quarter of 2018)

Main­te­nance projects

  • Improvements arising from the post-implementation review of IFRS 8 — The feedback received on the ED revealed that respondents had mixed views on the proposals, and Board member views were also mixed. It was suggested during the Board's discussions at the November meeting that if the proposals ended up creating more problems, then the Board should consider not finalising them. If it was decided to reject only some of the proposals, the staff should then assess the costs and benefits of proceeding with finalising the remaining proposals. A decision on the project direction is expected in January 2018.

Research projects

  • no changes

Other projects

  • IFRS Taxonomy update for the annual improvements 2017 — new entry added to work plan. A proposed update is expected in November 2017.

The above is a faithful com­par­i­son of the IASB work plan at 27 October 2017 and at 16 November 2017. For access to the current IASB work plan at any time, please click here.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.