Updated IASB and ISSB work plan — Analysis (February 2023)
02 Mar 2023
Following the IASB's and ISSB's February 2023 meetings, we have analysed the work plan on the IFRS Foundation website to see what changes have resulted from the meetings and other developments since the work plan was last revised in January 2023. The expected timing of the forthcoming ISSB standards has been officially confirmed.
Below is an analysis of all changes made to the work plan since our last analysis on 30 January 2023.
Standard-setting projects
- Climate-related disclosures — The standard is now expected in Q2 2023 (previously no date given).
- General sustainability-related disclosures — The standard is now expected in Q2 2023 (previously no date given).
Maintenance projects
- Lack of exchangeability (Amendments to IAS 21) — Final amendments to IAS 21 are now expected in Q3 2023 (previously H2 2023).
- Supplier finance arrangements — Final amendments are now expected in May 2023 (previously Q2 2023).
Research projects
- Extractive activities — A decision on the project direction is now expected in Q3 2023 (previously H2 2023).
- Post-implementation review of IFRS 9 — Impairment — A request for information is now expected in May 2023 (previously Q2 2023).
Strategy & governance projects
- ISSB Consultation on Agenda Priorities — A request for information is expected in May 2023 (previously Q2 2023).
Other projects
- IFRS Accounting Taxonomy Update —Amendments to IAS 12, IAS 21, IAS 7 and IFRS 7 — New entry in the work plan; a proposed update is expected in March 2023.
- IFRS Accounting Taxonomy Update — Amendments to IFRS 16 and IAS 1 — The final update is expected in H2 2023.
The above is a faithful comparison of the IASB and ISSB work plan at 30 January 2023 and 2 March 2023. For access to the current work plan at any time, please click here.
