Updated IASB work plan — Analysis

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26 Oct 2018

Following the IASB's October 2018 meeting, we have analysed the IASB work plan to see what changes have resulted from the meeting and other developments since the work plan was last revised in September. What is still missing from the work plan is the fact that the IASB has begun discussing possible amendments to IFRS 17 'Insurance Contracts' and plans to continue these discussions in the next months. Otherwise, changes to the work plan are few.

During its October meeting, the Board discussed criteria the IASB staff have developed for the Board to apply in assessing whether a concern warrants considering an amendment as well as 25 concerns/issues identfied by the staff. In a podcast released today, IASB member Darrel Scott noted that first decision making in this context is expected in 1-2 months. This is not reflected in the updated work plan yet.

Below is an analysis of all changes that were made to the work plan since our last analysis on 25 September 2018.

Maintenance projects

  • Accounting Policies and Accounting Estimates (Amendments to IAS 8) — A decision on the project direction is now expected in December 2018 (was: October 2018)
  • Definition of a business (Amendments to IFRS 3) — As the amendments were published on 22 October 2018, this has been removed from the work plan

Research projects

  • Disclosure initiative — Principles of disclosure — A project summary is now expected in the first quarter of 2019 (no date given before)

Other projects

  • IFRS Taxonomy update — 2018 general improvements — A proposed update is expected in December 2018 (was: fourth quarter of 2018)

The above is a faithful comparison of the IASB work plan at 25 September 2018 and at 26 October 2018. For access to the current IASB work plan at any time, please click here.

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