Additional update to the IASB work plan — Analysis
28 Aug 2020
The IASB has once more updated its work plan. We have analysed the changes that have resulted since it was last revised on 11 August 2020. Among other things, all changes that were made in mid-August have been reversed.
Below is an analysis of all changes made to the work plan since our last analysis on 11 August 2020.
Standard-setting projects
- No changes
Maintenance projects
- 2019 Comprehensive review of the IFRS for SMEs — discussion of the feedback on the request for information is now expected in the fourth quarter of 2020 (previously no date given)
- IBOR reform and its effects on financial reporting — Phase 2 — this project has been removed from the work plan since the IASB issued final amendments yesterday
- Lease Liability in a Sale and Leaseback — the issuance of an exposure draft is now expected in the fourth quarter of 2020 (previously September 2020)
Research projects
- Business Combinations under Common Control — a discussion paper is now expected in the fourth quarter of 2020 (previously September 2020)
- Dynamic Risk Management — Core model outreach is now expected in the fourth quarter of 2020 (previously October 2020)
- Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12 — the request for information is now expected in the fourth quarter of 2020 (previously October 2020)
Other projects
- Due Process Handbook Review — this project has been removed from the work plan since the IFRS Foundation published the revised handbook on 21 August 2020
- IFRS Taxonomy Update — Common Practice (IAS 19 Employee Benefits) — a proposed IFRS Taxonomy Update is now expected in November 2020 (previously October 2020)
- IFRS Taxonomy Update — COVID-19 Related Rent Concessions (Amendments to IFRS 16) — this project has been removed from the work plan since the IFRS Foundation published the final Taxonomy Update on 18 August 2020
- IFRS Taxonomy Update — Interest Rate Benchmark Reform — Phase 2 — a proposed IFRS Taxonomy Update was published yesterday and feedback on the proposed update is expected to be discussed in October 2020
The above is a faithful comparison of the IASB work plan at 11 August 2020 and 28 August 2020. For access to the current IASB work plan at any time, please click here.
