Below is an analysis of all changes made to the work plan since our last analysis on 29 January 2024.

Stan­dard-set­ting projects

• Dis­clo­sure ini­tia­tive — Sub­sidiaries without public ac­count­abil­ity: Dis­clo­sures— A final standard is now expected in May 2024 (pre­vi­ously April 2024)

Main­te­nance projects

• Addendum to the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard — The exposure draft is now expected in April 2024 (previously Q2 2024)
• Annual Im­prove­ments to IFRS Accounting Standards— Final amendments of the following projects are expected in Q3 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)
• Climate-related and Other Uncertainties in the Financial Statements — A decision on the project direction is now expected in April 2024 (previously Q2 2024)
• Power purchase agreements — The exposure draft is now expected in May 2024 (previously Q2 2024)
• Updating the Subsidiaries without Public Accountability: Disclosures Standard — The exposure draft is now expected in Q3 2024 (previously Q2 2024)
• Use of a Hyperinflationary Presentation Currency by a Non-hyperinflationary Entity (IAS 21) — The exposure draft is now expected in Q3 2024 (previously H2 2024)

Research projects

• Business Combinations under Common Control — A project summary is now expected in April 2024 (previously Q2 2024)
• Post-implementation Review of IFRS 9 — Impairment — A feedback statement (previously a project summary) is now expected in Q3 2024 (previously H2 2024).

Governance

• ISSB Consultation on Agenda Priorities — The next project step will now be a feedback statement to be published in Q2 2024.

Other projects

• IFRS Sustainability Disclosure Taxonomy— The taxonomy is now expected in April 2024 (previously Q2 2024).

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