Updated IASB work plan — Analysis (December 2021)

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17 Dec 2021

Following the IASB's December 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 November 2021.

Below is an analysis of all changes made to the work plan since our last analysis on 23 November 2021.

Stan­dard-set­ting projects

  • Rate-reg­u­lated ac­tiv­i­ties  Project is now in the IFRS Standard phase, no expected timeline is given.

Main­te­nance projects

  • Availability of a Refund (Amendments to IFRIC 14) — Decision on the direction of the project is expected in February 2022.
  • Initial Application of IFRS 17 and IFRS 9 — Comparative Information (Amendment to IFRS 17) — Removed from work plan since the issuance of final amendments.
  • Lease Liability in a Sale and Leaseback — Project is now in the IFRS amendment phase, no expected timeline is given.
  • Supplier Finance Arrangements — Feedback on the exposure draft is expected in H1 2022.

Research projects

  • Business Combinations under Common Control — Discussion on feedback from discussion paper is now expected in January 2022 (pre­vi­ously December 2021).
  • Dynamic Risk Management — Decision of the direction of the project is expected in Q2 2022 (previously Q1 2022).
  • Goodwill and Impairment — Decision of the direction of the project is expected in H2 2022 (previously Q2 2022).
  • Pension Benefits that Depend on Asset Returns — Project summary is now expected in Q2 2022 (previously H1 2022).

Other projects

  • IFRS Taxonomy Update — 2021 Tech­nol­ogy Update Feedback on proposed update is expected in Q1 2022.
  • IFRS Taxonomy Update — Amendments to IAS 1, IAS 8 and IFRS Practice Statement 2 — IFRS Taxonomy Update is now expected in February 2022 (previously December 2021).
  • IFRS Taxonomy Update — Initial Application of IFRS 17 and IFRS 9 — Comparative Information — Feedback on proposed update is expected in February 2022.
  • Third Agenda Consultation — Feedback statement is expected in H2 2022.

The above is a faithful com­par­i­son of the IASB work plan at 23 November 2021 and 17 December 2021. For access to the current IASB work plan at any time, please click here.

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