Updated IASB work plan — Analysis (February 2022)

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28 Feb 2022

Following the IASB's February 2022 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 January 2022.

Below is an analysis of all changes made to the work plan since our last analysis on 28 January 2022.

Stan­dard-set­ting projects

  • Disclosure Initiative — Subsidiaries without Public Accountability: Disclosures — The discussion of the exposure draft feedback is now expected in April 2022 (pre­vi­ously Q2 2022).
  • Disclosure Initiative — Targeted Standards-level Review of Disclosures — The discussion of the exposure draft feedback is now expected in May 2022 (pre­vi­ously Q2 2022).
  • Second Comprehensive Review of the IFRS for SMEs Standard — Exposure draft is expected in H2 2022.

Main­te­nance projects

  • Availability of a Refund (Amendment to IFRIC 14) — Project has been removed from work plan.
  • Lease Liability in a Sale and Leaseback — IFRS amendments are expected in H2 2022.
  • Pro­vi­sions — Targeted Im­prove­ments — Despite the Board deciding at the February meeting to continue the project, the work plan still has an entry "Decide project direction"

Research projects

  • Extractive Activities — Decision of the direction of the project is expected in Q3 2022 (previously H2 2022).
  • Pension Benefits that Depend on Asset Returns — Project summary is expected in April 2022 (pre­vi­ously Q2 2022).

Other projects

  • IFRS Taxonomy Update — Amendments to IAS 1, IAS 8 and IFRS Practice Statement 2 — Project is no longer in the work plan due to the issuance of IFRS Accounting Taxonomy 2021 on 15 February.
  • Third Agenda Consultation — Feedback statement is expected in Q3 2022 (previously H2 2022).

The above is a faithful com­par­i­son of the IASB work plan at 28 January 2022 and 28 February 2022. 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.