Updated IASB work plan — Analysis (April 2020 regular meeting)

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24 Apr 2020

Following the IASB's April 2020 regular 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 last week. Again, there a re quite a few changes.

Below is an analysis of all changes made to the work plan since our last analysis on 18 April 2020.

Standard-setting projects

  • Disclosure initiative — Subsidiaries that are SMEs — The Board will decide whether to publish a discussion paper or an exposure draft as next step in this project in the fourth quarter of 2020 (previously no date given)

Maintenance projects

  • Accounting policy changes — The Board will decide on the future project direction in June 2020 (previously May 2020)
  • Classification of liabilities — Effective date — A project newly added to the work plan to defer the effective date effective date of the January 2020 amendments to IAS 1 to 2023; an exposure draft is expected in May 2020
  • Deferred tax related to assets and liabilities arising from a single transaction — The Board was expecting to discuss exposure draft feedback in June 2020; the entry has now been changed to a decision of the future project direction (no date given)
  • IBOR reform and its effects on financial reporting — Phase 2 — Discussion of the feedback on the April 2020 exposure draft is now expected to occur in June 2020 (previously third quarter of 2020)
  • IFRS 16 and COVID-19 — Feedback on the exposure draft published earlier today is expected to be discussed in May 2020
  • Lease liability in a sale and leaseback — A project newly added to the work plan; an exposure draft is expected in the third quarter of 2020

Research projects

  • Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12 — the entry has been changed from research review  to request for information; the date remains unchanged as fourth quarter of 2020

Other projects

  • Due Process Handbook review — The revised handbook is now expected in June 2020 (previously April 2020)

The above is a faithful comparison of the IASB work plan at 18 April 2020 and at 24 April 2020. 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.