Below is an analysis of all changes made to the work plan since our last analysis on 18 December 2023.

Stan­dard-set­ting projects

• Business combinations — Disclosures, goodwill and impairment — An exposure draft is now expected in March 2024 (previously Q1 2024)
• Disclosure initiative — Subsidiaries without public accountability: Disclosures — A final standard is now expected in April 2024 (previously Q2 2024)
• Dynamic risk management — An exposure draft is now expected in H1 2025 (previously 2025)
• Financial instruments with characteristics of equity — The exposure draft feedback will now be discussed in Q2 2024 (previously Q1 2024)
• Primary financial statements — A final standard is now expected in April 2024 (previously Q2 2024)

Main­te­nance projects

• Annual Im­prove­ments to IFRS Accounting Standards — Feedback discussions on the exposure draft of the following projects will now begin in February 2024 (pre­vi­ously Q1 2024):
  • Cost Method (Amend­ments to IAS 7)
  • Dere­cog­ni­tion of Lease Li­a­bil­i­ties (Amend­ments to IFRS 9)
  • De­ter­mi­na­tion of a ‘De Facto Agent’ (Amend­ments to IFRS 10)
  • Dis­clo­sure of Deferred Dif­fer­ence between Fair Value and Trans­ac­tion Price (Amend­ments to Guidance on im­ple­ment­ing IFRS 7)
  • Gain or Loss on Dere­cog­ni­tion (Amend­ments to IFRS 7)
  • Hedge Accounting by a First-time Adopter (Amend­ments to IFRS 1)
  • In­tro­duc­tion and Credit Risk Dis­clo­sures (Amend­ments to Guidance on im­ple­ment­ing IFRS 7)
  • Trans­ac­tion Price (Amend­ments to IFRS 9)

• International applicability of the SASB standards — This project has been removed from the work plan since final amendments were published on 19 December 2023
• Updating the 'Subsidiaries without public accountability: Disclosures' standard — An exposure draft is now expected in Q2 2024 (previously H1 2024)

Research projects

• Post-implementation Review of IFRS 15 'Revenue from Contracts with Customers' — The IASB has concluded the discussion of the feedback received and will now publish a feedback statement as next step (expected in H2 2024)

Other projects

• IFRS Accounting Taxonomy Update — Amendments to IAS 12, IAS 21, IAS 7 and IFRS 7 — After discussing the feedback received on the proposed update, a final update will now be published in March 2024
• IFRS Accounting Taxonomy Update — Common practice (Financial instruments) and general improvements — After discussing the feedback received on the proposed update, a final update will now be published in March 2024

The above is a faithful com­par­i­son of the IASB and ISSB work plan at 18 December 2023 and 29 January 2024. For access to the current work plan at any time, please click here.