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

Stan­dard-set­ting projects

• Amendments to climate-related SASB Standards — This project has been removed from the work plan since the final amendments were included when IFRS S2 was issued.
• Equity method — An exposure draft is now expected in H2 2024 (pre­vi­ously 2024).
• International applicability of the SASB standards — Feedback on the exposure draft will now be discussed in September 2023 (previously Q3 2023).
• Management commentary — A decision on the project’s direction is expected in Q4 2023 (previously H2 2023).

Main­te­nance projects

• Amend­ments to the classification and measurement of financial instruments — Feedback on the exposure draft is now expected to be discussed in September 2023 (pre­vi­ously Q3 2023).
• Annual Improvements to IFRS Accounting Standards — Exposure drafts for the following are now expected in September 2023 (previously 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)
  • Disclosure of Deferred Difference Between Fair Value and Transaction Price (Amendments to Illustrative Guidance accompanying IFRS 7)
  • Gain or Loss on Derecognition (Amendments to IFRS 7)
  • Hedge Accounting by a First-time Adopter (Amendments to IFRS 1
  • Lessee Derecognition of Lease Liabilities (Amendments to IFRS 9)
  • Transaction Price (Amendments to IFRS 9)
• Climate-related risks in the financial statements — the research review is expected in September 2023 (previously Q3 2023)
• Provisions — Targeted Improvements — A decision on the project’s direction is expected in Q4 2023 (previously H2 2023)

Research projects

• Business combinations under common control — A decision on the project’s direction is expect in September 2023 (pre­vi­ously Q3 2023).
• Extractive activities — A decision on the project’s direction is expect in September 2023 (pre­vi­ously Q3 2023).
• Post-implementation review of IFRS 15: Revenue from Contracts with Customers — After publishing the request for information on 29 June 2023, the next expected project step will now be the discussion of the feedback received (expected in H1 2024).

Strategy and Governance

• ISSB consultation on agenda priorities — Feedback on the request for information is expected in Q4 2023 (previously H2 2023)

Other projects

• IFRS Accounting Taxonomy Update — Amendments to IAS 12, IAS 21, IAS 7 and IFRS 7 — The proposed IFRS Taxonomy update is expected in September 2023 (previously Q3 2023).
• IFRS Sustainability Disclosure Taxonomy — After publishing the proposed taxonomy on 27 July 2023, the next expected project step will now be the discussion of the feedback received (expected in Q4 2023).

The above is a faithful com­par­i­son of the IASB and ISSB work plan at 27 June 2023 and 28 July 2023. For access to the current work plan at any time, please click here.