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

Stan­dard-set­ting projects

• Disclosure initiative — Subsidiaries that are SMEs — The IASB decided to publish an exposure draft (and not a discussion paper), which is expected in the second half of 2021.
• Disclosure initiative — Targeted standards-level review of disclosures — The exposure draft on this project is now expected in March 2021 (previously Q1 2021).
• Financial instruments with characteristics of equity — This project is now correctly listed as a standard-setting project.
• Primary financial state­ments — The Board decided to move forward with the project and a new Standard is stated as the next milestone; however, no timeline is given.
• Rate-regulated activities — The Board published an exposure draft on 28 January 2021 and discussion of the feedback received is expected to begin in the second half of the 2021.

Main­te­nance projects

• Lack of exchangeability (Amendments to IAS 21) — An exposure draft is now expected in March 2021 (previously Q1 2021).
• Lease liability in a sale and leaseback — Discussion of the feedback received on the exposure draft is expected to begin in the second quarter of 2021 (previously H1 2021).

Research projects

• Goodwill and impairment — Discussion of the feedback received on the discussion paper is now expected to begin in March 2021 (previously Q1 2021).
• Second comprehensive review of the IFRS for SMEs Standard — A decision on the project direction is now expected in March 2021 (previously Q1 2021).

Other projects

• IFRS Taxonomy Update — Amendments to IAS 1, IAS 8 and IFRS Practice Statement 2 — The next milestone is now correctly identified as "Proposed IFRS Taxonomy Update" again; the proposed update is now expected in second quarter of 2021 (previously February 2021).
• IFRS Taxonomy Update — Amendments to IFRS 17, IFRS 4 and IAS 16 — An IFRS Taxonomy Update is now expected in March 2021 (previously Q1 2021).
• Sustainability Reporting — The date for the discussion of the feedback received on the Trustees' consultation paper has been removed, however, the IASB website reveals that the Trustees will begin discussing the feedback on 1 February 2021.
• Third Agenda Consultation — This is the new name of the 2020 Agenda Consultation project; a request for information is now expected in March 2021 (previously Q1 2021).

The above is a faithful com­par­i­son of the IASB work plan at 18 December 2020 and 29 January 2021. For access to the current IASB work plan at any time, please click here.