Updated IASB work plan — Analysis (November 2019)

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25 Nov 2019

Following the IASB's November 2019 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. Changes are numerous.

Below is an analysis of all changes that were made to the work plan since our last analysis on 25 October 2019.

Standard-setting projects

  • No changes

Maintenance projects

  • Accounting policies and accounting estimates — the IASB decided to issue an IFRS amendment (no date given)
  • Amendments to IFRS 17 — final amendments are expected in Q2 2020
  • Classification of liabilities as current or non-current — final amendments are now expected in January 2020 (previously Q1 2020)
  • Deferred tax related to assets and liabilities arising from a single transaction — exposure draft feedback is now expected in Q1 2020 (previously no date given)
  • Disclosure initiative — Targeted standards-level review of disclosures — an exposure draft is now expected in H2 2020 (previously no date given)
  • Annual improvements to IFRSs 2018–2020 — the IASB discussed the feedback to the exposure draft and final amendments are expected in Q2 2020 on the following sub-projects:
    • Fees in the ‘10 per cent’ test for derecognition of financial liabilities
    • Lease incentives
    • Subsidiary as a first-time adopter
    • Taxation in fair value measurements
  • IBOR reform and its effects on financial reporting — Phase 2 — an exposure draft is now expected in H1 2020 (previously no date given)
  • Lack of exchangeability — newly added to the work plan and marked as "work in progress"
  • Updating a reference to the conceptual framework — the IASB discussed the feedback to the exposure draft and will issue final amendments (no date given)

Research projects

  • Dynamic risk management — core model outreach is planned for H1 2020
  • Financial instruments with characteristics of equity — the project direction will now be decided in H2 2020 (previously Q1 2020)
  • Pensions benefits that depend on asset returns — a research review is now expected in H2 2020 (previously December 2019)
  • Post-implementation review of IFRS 10, IFRS 11 and IFRS 12 — there is no longer a dtate given for the research review (previously Q1 2020)

Other projects

  • Due Process Handbook review — exposure draft feedback will now be discussed in December 2019 (previously October 2019)

The above is a faithful comparison of the IASB work plan at 25 October 2019 and at 25 November 2019. For access to the current IASB work plan at any time, please click here.

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