Below is an analysis of all changes made to the work plan since our last analysis on 26 September 2022.

Stan­dard-set­ting projects

• Cli­mate-re­lated dis­clo­sures — The next step in this project is now the issuance of a final IFRS Sustainability Disclosure Standard (no date given).
• Con­trac­tual cash flow char­ac­ter­is­tics of financial assets — This project is now part of the newly added maintenance project Amendments to the classification and measurement of financial instruments.
• Dis­clo­sure ini­tia­tive — Targeted stan­dards-level review of dis­clo­sures — The IASB decided not to continue with any part of the ED — a project summary is expected in the first quarter of 2023.
• General sus­tain­abil­ity-re­lated dis­clo­sures — The next step in this project is now the issuance of a final IFRS Sustainability Disclosure Standard (no date given).

Main­te­nance projects

• Amendments to the classification and measurement of financial instruments —This project has been newly added to the work plan. It responds to feedback received on the Post-implementation review of IFRS 9 — Classification and measurement and also incorporates the project on Con­trac­tual cash flow char­ac­ter­is­tics of financial assets. An exposure draft is expected in the first half of 2023.
• Lease liability in a sale and leaseback — This project has now been removed from work plan. The September 2022 work plan had still listed this project although it had been concluded by the issuance of final amendments.
• Non-current liabilities with covenants (Amendments to IAS 1) — Final amendments are now expected in October 2022 (previously November 2022).

Research projects

• Ex­trac­tive ac­tiv­i­ties — A decision on the direction of the project is now expected in first half of 2023 (previously September 2022).
• Post-implementation review of IFRS 9 — Classification and measurement — A feedback statement is now expected in December 2022 (previously Q4 2022).

Other projects

• IFRS taxonomy update — 2022 General Improvements and Common Practice — A proposed IFRS Accounting Taxonomy Update is now expected in November 2022 (previously no date given).
• ISSB consultation on agenda priorities — A request for information is now expected in December 2022 (previously Q4 2022).

The above is a faithful com­par­i­son of the IASB and ISSB work plan at 26 September 2022 and 25 October 2022. For access to the current work plan at any time, please click here.