Below is an analysis of all changes made to the work plan since our last analysis on 27 March 2023.

Stan­dard-set­ting projects

• Climate-related disclosures — The IFRS Sustainability Disclosure Standard is now expected in June 2023 (previously Q2 2023).
• Equity Method — This project was moved from the research agenda to the standard-setting agenda and is now in the exposure draft phase, no expected date given.
• Financial Instruments with Characteristics of Equity — An expect date for the exposure draft is no longer available (previously H2 2023).
• General Sustainability-related Disclosures — The IFRS Sustainability Disclosure Standard is expected in June 2023 (previously Q2 2023).
• Second Comprehensive Review of the IFRS for SMEs Accounting Standard — The feedback on the exposure draft is now expect in June 2023 (previously Q2 2023).

Main­te­nance projects

• Amend­ments to the clas­si­fi­ca­tion and mea­sure­ment of financial in­stru­ments— Feedback on the exposure draft is now expected in Q3 2023 (previously H2 2023).
• Amendments to the IFRS for SMEs Accounting Standard — International Tax Reform — Pillar Two Model Rules — This project has been added to the work plan with an exposure draft expected in June 2023.
• Annual Improvements to IFRS Accounting Standards — Six projects have been added to the work plan with an exposure draft expected in Q3 2023:
  
  • Cost Method (Amendments to IAS 7)
  • Credit Risk Disclosures (Amendments to Illustrative Examples accompanying IFRS 7)
  • Determination of a ‘De Facto Agent’ (Amendments to IFRS 10)
  • Gain or Loss on Derecognition (Amendments to IFRS 7)
  • Hedge Accounting by a First-Time Adopter (Amendments to IFRS 1)
  • Transaction Price (Amendments to IFRS 9).
• International Tax Reform — Pillar Two Model Rules — The IASB considered the feedback received and will now publish a final amendment in May 2023.
• Lack of Exchangeability (Amendments to IAS 21) — The IFRS Accounting Standard amendment is now expect in July 2023 (previously Q3 2023).

Research projects

• Extractive Activities — The decision on the project direction is expected in July 2023 (previously Q3 2023).
• Post-implementation Review of IFRS 15: Revenue from Contracts with Customers — The request for information is now expected in June 2023 (previously Q2 2023).

The above is a faithful com­par­i­son of the IASB and ISSB work plan at 27 March 2023 and 2 May 2023. For access to the current work plan at any time, please click here.