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Updated IASB work plan — Analysis (May 2021)

  • IASB (International Accounting Standards Board) (blue) Image

28 May 2021

Following the IASB's May 2021 meeting, we have analysed the IASB work plan to see what changes have resulted from the meetings and other developments since the work plan was last revised in April 2021.

Below is an analysis of all changes made to the work plan since our last analysis on 30 April 2021.

Standard-setting projects

  • Management commentary —  ED/2021/6 was published on 27 May 2021 with comments requested by 23 November 2021; feedback to the exposure draft is expected to be discussed in H1 2022
  • Rate-regulated activities — feedback to the exposure draft is now expected to be discussed in Q4 2021 (previously H2 2021)

Maintenance projects

  • Deferred tax related to assets and liabilities arising from a single transaction — This project has been removed from the work plan due to the issuance of the final amendments on 7 May 2021
  • Lease Liability in a Sale and Leaseback — feedback on the exposure draft was discussed at the IASB's May meeting; a decision on the future project direction is expected in Q3 2021

Research projects

  • Extractive Activities — a decision on the project direction is now expected in July 2021 (previously Q3 2021)
  • Goodwill and Impairment — feedback on the discussion paper was discussed at the IASB's May meeting; a decision on the future project direction is expected in Q3 2021
  • Post-implementation Review of IFRS 10-12 — feedback on the request for information is now expected to be discussed in July 2021 (previously Q3 2021)

Other projects

  • no changes

The above is a faithful comparison of the IASB work plan at 30 April 2021 and 28 May 2021. 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.