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Completed projects

A summary of past projects of the International Accounting Standards Board (IASB) and IFRS Interpretations Committee.

Title Description
Adoption of IASC Standards and SIC Interpretations Completed 2001. In April 2001, the IASB approved a resolution to adopt the IASC Standards and SIC Interpretations existing at 1 April 2001.
Annual improvements — 2006-2008 cycle Completed 2008. The IASB issued 'Improvements to IFRSs' on 22 May 2008.
Annual improvements — 2007-2009 cycle Completed 2009. The IASB issued 'Improvements to IFRSs' on 16 April 2009.
Annual improvements — 2008-2010 cycle Completed 2010. The IASB issued 'Improvements to IFRSs' on 6 May 2010.
Annual improvements — 2009-2011 cycle Completed 2012. The IASB issued 'Annual Improvements 2009–2011 Cycle' on 17 May 2012.
Annual improvements — 2010-2012 cycle Completed 2013. The IASB issued 'Annual Improvements to IFRSs 2010–2012 Cycle' on 12 December 2013.
Annual improvements — 2011-2013 cycle Completed 2013. The IASB issued 'Annual Improvements to IFRSs 2011–2013 Cycle' on 12 December 2013.
Annual improvements — 2012-2014 cycle Completed 2014. The IASB issued 'Annual Improvements to IFRSs 2012–2014 Cycle' on 25 September 2014.
Annual improvements — 2013-2015 cycle Discontinued 2014. The IASB decided at its July 2014 meeting to discontinue the 2013-2015 cycle of annual improvements in favour of a new 2014-2016 cycle.
Annual improvements — 2014-2016 cycle Completed 2016. The IASB issued 'Annual Improvements to IFRS Standards 2014–2016 Cycle' on 8 December 2016.
Annual improvements — 2015-2017 cycle Completed 2017. The IASB issued 'Annual Improvements to IFRS Standards 2015–2017 Cycle' on 12 December 2017.
Asset disposals and discontinued operations Completed 2004. The IASB issued IFRS 5 'Non-current Assets Held for Sale and Discontinued Operations' on 31 March 2004.
Business combinations – Combinations by contract alone or involving mutual entities Discontinued 2004. The IASB decided not to finalise its proposals, but rather deal with the issues in Phase II of the business combinations project.
Business combinations – Phase II (application of the purchase method) Completed 2008. The IASB issued a revised IFRS 3 'Business Combinations' and related revisions to IAS 27, IAS 28, and IAS 31 on 10 January 2008.
Business combinations – Phase I Completed 2004. IFRS 3 'Business Combinations', and revised versions of IAS 36 'Impairment of Assets' and IAS 38 'Intangible Assets', were issued on 31 March 2004.
Business reporting on the internet Discontinued 2001. This project was handed over to the International Federation of Accountants (IFAC), who are working on a similar project.
Clarifications to IFRS 15: Issues emerging from TRG discussions Completed 2016. The IASB issued 'Clarifications to IFRS 15 'Revenue from Contracts with Customers'' on 12 April 2016.
Concepts (Elements of financial statements) Superseded. This is a project was initiated in 2001 and was intended to explore similarities and differences between the definitions of the elements of financial statements. This project has been replaced by the comprehensive Conceptual Framework joint project being undertaken by the IASB and FASB.
Conceptual Framework — Comprehensive IASB project Completed 2018. The revised version of the Conceptual Framework was issued on 29 March 2018.
Conceptual Framework — IASB-FASB joint project Originally a joint IASB-FASB project to develop a common conceptual framework to be used as a basis for accounting standards, this project was suspended and replaced in 2012 by an IASB-only comprehensive project.
Conceptual Framework Phase F — Purpose and status Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with the Conceptual Framework's authoritative status, with the goal of developing a framework that is of comparable authority for the use of both the IASB and FASB in the standard-setting process. This project was discontinued when the overall IASB-FASB project was replaced by an IASB-only comprehensive project during 2012.
Conceptual Framework Phase A – Objective and qualitative characteristics Completed 2010. Part of the comprehensive project on the Conceptual Framework, dealing with topics such as stewardship, primary users and attributes that make financial information useful. 'Conceptual Framework for Financial Reporting 2010' was issued on 28 September 2010.
Conceptual Framework Phase E — Presentation and disclosure Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with the concepts underlying display and disclosure of financial information, including the boundaries of such information. This project was replaced by an IASB-only comprehensive project during 2012.
Conceptual Framework Phase C — Measurement Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with how the various elements of the financial statements should be measured. This project was replaced by an IASB-only comprehensive project during 2012.
Conceptual Framework Phase B — Elements and recognition Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with the various elements of the financial statements, such as assets, liabilities, revenues and expenses and their broad recognition requirements. This project was replaced by an IASB-only comprehensive project during 2012.
Conceptual Framework Phase D — Reporting entity Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with the boundaries of the reporting entity. This project was replaced by an IASB-only comprehensive project during 2012.
Conceptual Framework Phase H — Remaining issues Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with any residual issues after completion of the other phases. This project was discontinued when the overall IASB-FASB project was replaced by an IASB-only comprehensive project during 2012.
Conceptual Framework Phase G — Application to not-for-profit entities Part of the comprehensive project on the Conceptual Framework, which will consider the applicability of the concepts developed in earlier phases to not-for-profit entities in the private sector. This project was discontinued when the overall IASB-FASB project was replaced by an IASB-only comprehensive project during 2012.
Consolidation — Comprehensive project Completed 2011. IFRS 10 'Consolidated Financial Statements' was issued on 12 May 2011, implementing a single consolidation model based on the concept of control replacing both IAS 27 and SIC-12.
Consolidation — Investment entities Completed 2012. The IASB issued 'Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27)' on 31 October 2012.
Convergence issues – Financial instruments (superseded) This page has been superseded by 'Financial instruments - Comprehensive project'.
Different effective dates of IFRS 9 and the new insurance contracts standard Completed 2016. Final amendments to IFRS 4 'Insurance Contracts' were issued on 12 September 2016.
Disclosure initiative — IAS 1 amendments Completed 2014. The IASB issued 'Disclosure Initiative (Amendments to IAS 1)' on 18 December 2014.
Disclosure initiative — Materiality Completed. The IASB issued IFRS Practice Statement 'Making Materiality Judgements' on 14 September 2017 and 'Definition of Material (Amendments to IAS 1 and IAS 8)' on 31 October 2018.
Disclosure initiative — Net debt Completed 2016. The IASB issued 'Disclosure Initiative (Amendments to IAS 7)' on 29 January 2016.
Earnings per share On hold. Originally a joint IASB-FASB project to converge the requirements for the calculation of earnings per share. This project is currently on hold pending an IASB staff review to develop a recommended course of action.
Effective dates and transition Effectively discontinued. A joint IASB-FASB project seeking views on when new financial reporting standards resulting primarily from the Boards' work to improve and achieve convergence of IFRSs and US GAAP should become effective.
Emission rights Completed 2004. IFRIC 3 'Emission Rights' was issued on 2 December 2004.
Employee benefits — Convergence issues (superseded) Superseded by the comprehensive project on post-employment benefits.
Extractive activities — Exploration for and evaluation of mineral resources Completed 2004. IFRS 6 'Exploration for and Evaluation of Mineral Resources' was issued on 10 December 2004.
Extractive activities — Comprehensive project Project discontinued 2012. In December 2012, the IASB activated a broader research project on intangible assets as part of its response to its Agenda Consultation 2011.
Fair value measurement Completed 2011. IFRS 13 'Fair Value Measurement' was issued on 12 May 2011 and provides guidance on how to measure the fair value of assets and liabilities when required by other Standards. The IASB and FASB are developing educational material relating to fair value measurements.
Financial instruments — Effective date of IFRS 9 Completed 2011. The IASB issued 'Mandatory Effective Date and Transition Disclosures (Amendments to IFRS 9 and IFRS 7)' on 16 December 2011.
Financial instruments — Limited reconsideration of IFRS 9 Completed 2014. The finalised version of IFRS 9 'Financial Instruments' was issued on 24 July 2014.
Financial instruments — General hedge accounting Completed 2013. IFRS 9 'Financial Instruments (Hedge Accounting and amendments to IFRS 9, IFRS 7 and IAS 39)' was issued on 19 November 2013.
Financial instruments — Classification and measurement Completed 2010. IFRS 9 'Financial Instruments' was issued on 12 November 2009 (dealing with financial assets) and reissued on 28 October 2010 (incorporating requirements for financial liabilities).
Financial instruments — Asset and liability offsetting Completed 2011. 'Disclosures — Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7)' and 'Offsetting Financial Assets and Financial Liabilities (Amendments to IAS 32)' were issued on 16 December 2011.
Financial instruments — Joint Working Group proposal In mid-1997, when it embarked on the project that led to IAS 39 Financial Instruments: Recognition and Measurement, IASC agreed to continue to explore the possibility of requiring full fair value measurements in the primary financial statements (sometimes called mark-to-market) for all financial assets and financial liabilities. As part of that exploration, IASC had, for the past three-and-a-half years, participated in a Joint Working Group (JWG) of International Standard Setters on Financial Instruments, comprised of standard setters representing 13 countries.
Financial instruments — Derecognition An IASB project to consider the derecognition of financial instruments. In light of the feedback received during the consultation process, the IASB decided to retain the existing derecognition requirements and to finalise improved disclosure requirements.
Financial instruments — Disclosures Completed 2005. IFRS 7 'Financial Instruments: Disclosures' and 'Capital Disclosures (Amendments to IAS 1)' were issued on 18 August 2005.
Financial instruments — Impairment Completed 2014. The finalised version of IFRS 9 'Financial Instruments' was issued on 24 July 2014.
Financial statement presentation — Other comprehensive income Completed 2011. The IASB issued 'Presentation of Items of Other Comprehensive Income (Amendments to IAS 1)' on 16 June 2011 implementing limited scope amendments to IAS 1.
Financial statement presentation — Financial statements and comparatives Completed 2007. The IASB issued a revised IAS 1 'Presentation of Financial Statements' on 6 September 2007, completing the first phase of the IASB-FASB convergence project on financial statement presentation.
Financial statement presentation — Comprehensive project Discontinued in 2010. This project sought to address broadly the issues related to the display and presentation in the financial statements of all recognised changes in assets and liabilities from transactions or other events except those related to transactions with owners as owners (sometimes called comprehensive income).
First-time adoption of International Financial Reporting Standards Completed 2003. IFRS 1 'First-time Adoption of International Financial Reporting Standards' was issued on 19 June 2003.
Government grants On hold. Originally a project to reconsider the requirements for government grant accounting. This project is currently on hold pending an IASB staff review to develop a recommended course of action.
IAS 1 — Disclosures about going concern A narrow scope project to clarify the disclosure requirements about the assessment of going concern in IAS 1 'Presentation of Financial Statements'. This project has been incorporated into the IASB's short-term disclosure initiative of amendments to IAS 1.
IAS 8 — Effective dates and transition methods Discontinued 2012. In October 2012, the IASB suspended this project pending the outcome of its Conceptual Framework project.
IAS 11 — Criteria for combining and segmenting contracts Discontinued 2006. IFRIC formally removed the issue from its agenda at its November 2006 meeting. The issues will instead be considered as part of the IASB's project on revenue recognition.
IAS 12 — Accounting for uncertainties in income taxes Completed 2017. The IASB issued IFRIC 23 'Uncertainty over Income Tax Treatments' on 7 June 2017.
IAS 12 — Recognition of deferred tax assets for unrealised losses Completed 2016. The IASB issued 'Recognition of Deferred Tax Assets for Unrealised Losses' on 19 January 2016.
IAS 12 — Recovery of underlying assets Completed 2010. The IASB issued 'Deferred Tax: Recovery of Underlying Assets (Amendments to IAS 12)' on 20 December 2010.
IAS 16 – Contingent pricing of property, plant and equipment Discontinued 2011. Originally an IFRS Interpretations Committee project considering a request for guidance on how to account for contingent payments for the separate purchases of property, plant and equipment (PPE).
IAS 16 — Stripping costs in the production phase of a mine Completed 2011. IFRIC 20 'Stripping Costs in the Production Phase of a Surface Mine' was issued on 19 October 2011.
IAS 16/IAS 38 — Acceptable methods of depreciation and amortisation Completed 2014. The IASB issued 'Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to IAS 16 and IAS 38)' on 12 May 2014.
IAS 17 – Determining whether an arrangement contains a lease Completed 2004. IFRIC 4 'Determining Whether an Arrangement Contains a Lease' was issued on 2 December 2004.
IAS 17 – Sales and leasebacks with repurchase rights Discontinued 2007. IFRIC formally removed this issue from its agenda at its March 2007 meeting.
IAS 18 — Customer loyalty programmes Completed 2007. IFRIC 13 'Customer Loyalty Programmes' was issued on 28 June 2007.
IAS 18 — Guidance on identifying agency relationships Discontinued 2007. IFRIC removed this matter from its agenda and referred it to the IASB for resolution as part of the annual improvements process.
IAS 18 — Initial fees received by a fund manager Discontinued 2007. IFRIC could not reach consensus on this matter and removed the issue from its agenda at its January 2007 meeting.
IAS 18 — Sales of real estate Completed 2008. IFRIC 15 'Agreements for the Construction of Real Estate' was issued on 3 July 2008.
IAS 18 — Transfers of assets from customers Completed 2009. IFRIC 18 'Transfers of Assets from Customers' was issued on 29 January 2009.
IAS 19 — Actuarial gains and losses, group plans and disclosures Completed 2004. Amendments to IAS 19 'Employee Benefits' were issued on 16 December 2004.
IAS 19 — Allocation of benefits to periods of service Discontinued 2003. IFRIC reaffirmed its decision not to address this issue at its December 2003 meeting.
IAS 19 — Changes in employment benefits and actuarial assumptions Discontinued 2002. After initial background discussions, IFRIC removed this issue from its agenda at its February 2002 meeting.
IAS 19 — Discount rate Discontinued 2013. A project to clarify the determination of the discount rate used when applying IAS 19 'Employee Benefits', particularly around the requirement to use market yields on high quality corporate bonds or government bonds. The IASB decided at its 2013 December meeting that currently no further work is planned on the project.
IAS 19 — Distinction between curtailments and past service cost Discontinued 2007. IFRIC removed this topic from its agenda in May 2007 and the issue was instead dealt with as part of the IASB's 2006-2008 cycle of annual improvements.
IAS 19 — Distinguishing between defined benefit and defined contribution plans (hybrid plans) Discontinued 2006. IFRIC referred this matter to the IASB for resolution.
IAS 19 — Effect of minimum funding requirements on asset ceiling Completed 2007. IFRIC 14 'IAS 19 - The Asset Ceiling: Availability of Economic Benefits and Minimum Funding Requirements' was issued on 4 July 2007.
IAS 19 — Employee benefit plans with a promised return on contributions or notional contributions Discontinued 2014. After previously issuing a Draft Interpretation and discontinuing this project at its November 2006 meeting, the IFRS Interpretations Committee reactivated this project in May 2012, but later again removed it from its agenda in May 2014 after the Committee could not reach a consensus on a solution to improve the financial reporting for employee benefit plans with a guaranteed return on contributions or notional contributions.
IAS 19 — Employee contributions to defined benefit plans Completed 2013. The IASB issued 'Defined Benefit Plans: Employee Contributions (Amendments to IAS 19)' on 21 November 2013.
IAS 19 — Multiemployer plan exemption Discontinued 2004. The issues became part of of the amendments to IAS 19 'Employee Benefits' issued in December 2004.
IAS 19 — Termination benefits Completed 2011. The IASB issued an amended IAS 19 'Employee Benefits' on 16 June 2011.
IAS 19 — The asset ceiling Completed 2002. An amendment to IAS 19 'Employee Benefits' was issued on 31 May 2002.
IAS 21 — Foreign currency transactions and advance consideration Completed 2016. The IASB issued IFRIC 22 'Foreign Currency Transactions and Advance Consideration' on 8 December 2016.
IAS 21 — Hedging a net investment Completed 2008. IFRIC 16 'Hedges of a New Investment in a Foreign Operation' was issued on 3 July 2008.
IAS 23 – US GAAP convergence project Completed 2007. A revised IAS 23 'Borrowing Costs' was issued on 29 March 2007.
IAS 24 — State controlled entities and definition of 'related party' Completed 2009. The IASB issued a revised IAS 24 'Related Party Disclosures' on 4 November 2009.
IAS 27 – Control by a fiduciary Discontinued 2004. IFRIC removed this issue from its agenda at its May 2004 meeting as the IASB will consider the matter as part of its project on consolidation.
IAS 27 — Equity method in separate financial statements Completed 2014. The IASB issued 'Equity Method in Separate Financial Statements (Amendments to IAS 27)' on 12 August 2014.
IAS 27 — Non-cash distributions Completed 2008. IFRIC 17 'Distributions of Non-cash Assets to Owners' was issued on 27 November 2008.
IAS 28 — Long-term interests in associates and joint ventures Completed 2017. The IASB issued 'Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28)' on 12 October 2017.
IAS 28 — Elimination of gains arising from 'downstream' transactions A narrow scope project to amend IAS 28 'Investments in Associates and Joint Ventures' (2011) to clarify that an eliminated gain on a downstream transaction with an associate or joint venture that exceeds the carrying amount of the entity’s investment in the entity should be presented as a deferred gain. This project will not be finalised. Instead the IASB issued amendments deferring the effective date of the September 2014 amendments to IAS 28, IFRS 10 and IFRS 12 on 17 December 2015.
IAS 28 — Reflecting other net asset changes when applying the equity method of accounting Discontinued 2014. In light of insufficient members in favour of approving finalised amendments at the IASB's May 2014 meeting, the IASB will not proceed with the originally proposed amendments to provide guidance on whether and where an investor should account for its share of the changes in the net assets of the associate that are not recognised in profit or loss or other comprehensive income (OCI) of the associate (i.e. ‘other net asset changes’).
IAS 29 – First-time adoption of IAS 29 Completed 2005. IFRIC 7 'Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies' was issued on 24 November 2005.
IAS 32 – Classification of rights issues Completed 2009. 'Classification of Rights Issues (Amendment to IAS 32)' was issued on 8 October 2009.
IAS 32 – Classification of instruments denominated in a foreign currency Discontinued 2006. IFRIC removed this issue from its agenda at its November 2006 meeting after the IASB rejected its proposed amendment to IAS 32.
IAS 32 – Puttable financial instruments Completed 2008. The IASB issued 'Puttable Financial Instruments and Obligations Arising on Liquidation (Amendments to IAS 32 and IAS 1)' on 14 February 2008.
IAS 32 — Members' shares in co-operative entities Completed 2004. IFRIC 2 'Members' Shares in Co-operative Entities and Similar Instruments' was issued on 25 November 2004.
IAS 32 — Put options over non-controlling interests (NCIs) Discontinued as a project in its own right in 2014. The issues will now be discussed as part of the project 'Financial instruments with characteristics of equity'.
IAS 32/IAS 39 – Improvements to IASC financial instruments standards Completed 2003. Revised versions of IAS 32 'Financial Instruments: Disclosure and Presentation' and IAS 39 'Financial Instruments: Recognition and Measurement' were issued on 17 December 2003.
IAS 34 — Disclosures in interim reporting periods Completed 2010. 'Annual Improvements to IFRSs 2010' was issued on 6 May 2010, clarifying the nature of disclosures required in interim reporting periods.
IAS 34 — Interaction with IAS 36 and IAS 39 Completed 2006. IFRIC 10 'Interim Financial Reporting and Impairment' was issued on 20 July 2006.
IAS 36 — Recoverable amount disclosures for non-financial assets Completed 2013. The IASB issued 'Recoverable Amount Disclosures for Non-Financial Assets (Amendments to IAS 36)' on 29 May 2013.
IAS 37 — Changes in decommissioning, restoration, and similar liabilities Completed 2004. IFRIC 1 'Changes in Existing Decommissioning, Restoration and Similar Liabilities' was issued on 27 May 2004.
IAS 37 — Interests in decommissioning and environmental rehabilitation funds Completed 2004. IFRIC 5 'Rights to Interests Arising from Decommissioning, Restoration and Environmental Funds' was issued on 15 December 2004.
IAS 37 — Obligating event in the light of the EU Directive on waste electrical and electronic equipment Completed 2005. IFRIC 6 'Liabilities Arising from Participating in a Specific Market – Waste Electrical and Electronic Equipment' was issued on 1 September 2005.
IAS 37/IFRIC 6 — Levies charged for participation in a market on a specified date Completed 2013. The IASB issued IFRIC 21 'Levies' on 20 May 2013.
IAS 38 — Compliance costs for 'REACH' This IFRIC project has been discontinued. The project was to consider how to account for costs incurred to comply with the requirements of the European Commission Regulation concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH). After many months of deliberations, IFRIC decided not to take this issue onto its agenda at its May 2009 meeting.
IAS 39 — Cash flow hedge accounting of forecast intragroup transactions Completed 2005. The IASB issued 'Cash Flow Hedge Accounting of Forecast Intragroup Transactions (Amendments to IAS 39)' on 14 April 2005.
IAS 39 — Exposures qualifying for hedge accounting Completed 2008. The IASB issued 'Eligible Hedged Items (Amendment to IAS 39)' on 30 July 2008.
IAS 39 — Fair value option Completed 2005. The IASB issued 'The Fair Value Option (Amendments to IAS 39)' on 15 June 2005.
IAS 39 — Macro hedging Completed 2004. 'Fair Value Hedge Accounting for a Portfolio Hedge of Interest Rate Risk (Amendments to IAS 39)' was issued on 31 March 2004.
IAS 39 — Reassessment of embedded derivatives Completed 2006. IFRIC 9 'Reassessment of Embedded Derivatives' was issued on 1 March 2006.
IAS 39 — Transition and day 1 profit recognition Completed 2004. The IASB issued 'Transition and Initial Recognition of Financial Assets and Financial Liabilities' on 17 December 2004.
IAS 39/IAS 32 — Debt to equity swaps Completed 2009. IFRIC 19 'Extinguishing Financial Liabilities with Equity Instruments' was issued on 26 November 2009.
IAS 39/IAS 37 – Credit risk in liability measurement Discontinued 2009. In October 2009, the IASB decided to stop work on this project as a separate project and, instead, to consider the issues in the Conceptual Framework – Measurement project.
IAS 39/IFRS 4 – Financial guarantee contracts and credit insurance Completed 2005. The IASB issued 'Financial Guarantee Contracts (Amendments to IAS 39 and IFRS 4)' on 18 August 2005.
IAS 39/IFRS 7 – Reclassification of financial assets Completed 2008 and amended in 2009. The IASB issued 'Reclassification of Financial Assets (Amendments to IAS 39 and IFRS 7)' on 13 October 2008 and 'Embedded Derivatives (Amendments to IFRIC 9 and IAS 39)' on 12 March 2009.
IAS 39/IFRS 9 — Novation of OTC derivatives and continuing designation for hedge accounting Completed 2013. The IASB issued 'Novation of Derivatives and Continuation of Hedge Accounting (Amendments to IAS 39)' on 27 June 2013, with an effective date of 1 January 2014.
IAS 40 — Transfers of investment property Completed 2016. The IASB issued 'Transfers of Investment Property (Amendments to IAS 40)' on 8 December 2016.
IAS 41 — Bearer plants Completed 2014. The IASB issued 'Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41)' on 30 June 2014.
IAS 41 — Fair value measurement issues in agriculture Discontinued 2007. IFRIC removed this topic from its agenda in 2007, in favour of recommending to the IASB that the matters considered be included in the annual improvements process.
IASB-FASB convergence An overarching joint IASB-FASB project designed to eliminate a variety of differences between IFRS and US GAAP.
IFRIC 9 — Scope of IFRIC 9 and revised IFRS 3 Completed 2009. After initially being exposed in a separate exposure draft, an amendment to IFRIC 9 was included in 'Improvements to IFRSs', issued on 16 April 2009.
IFRIC 14 — Voluntary prepaid contributions under a minimum funding requirement Completed 2009. The IASB issued 'Prepayments of a Minimum Funding Requirement (Amendments to IFRIC 14)' on 26 November 2009.
IFRIC 15 — Meaning of 'continuous transfer' An IFRIC Interpretations Committee project to consider whether decisions reached in the IASB's revenue recognition project could provide insight into clarification of the meaning of "continuous transfer" under IFRIC 15 'Agreements for the Construction of Real Estate'.
IFRIC 16 — Amendment to the restriction on the entity that can hold hedging instruments Completed 2009. An amendment to IFRIC 16 was included in 'Improvements to IFRSs', issued on 16 April 2009.
IFRS 1 — Additional exemptions for first-time adopters Completed 2009. The IASB issued 'Additional Exemptions for First-time Adopters (Amendments to IFRS 1)' on 23 July 2009.
IFRS 1 — Exemption from comparative IFRS 7 disclosures Completed 2010. The IASB issued 'Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters (Amendment to IFRS 1)' on 28 January 2010.
IFRS 1 — Government loans Completed in 2012. The IASB issued 'Government Loans (Amendments to IFRS 1)' on 13 March 2012.
IFRS 1 — Replacement of 'fixed dates' Completed 2010. The IASB issued 'Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters' on 20 December 2010.
IFRS 1 — Severe hyperinflation Completed 2010. The IASB issued 'Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters' on 20 December 2010.
IFRS 1/IAS 27 – Cost of a subsidiary in separate financial statements Completed 2008. The IASB issued 'Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate (Amendments to IFRS 1 and IAS 27)' on 22 May 2008.
IFRS 2 — Changes in contributions to employee stock purchase plans (ESPPs) Discontinued 2005. IFRIC removed this topic from its agenda at its December 2005 meeting.
IFRS 2 — Clarifications of classification and measurement of share based payment transactions Completed 2016. The IASB issued 'Clarifications to IFRS 15 'Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2)' on 20 June 2016.
IFRS 2 — Entity termination of an employee's employment An IFRS Interpretations Committee project considering the accounting treatment in IFRS 2 'Share-based Payment' of share-based payment awards when the entity terminates the employment of an employee.
IFRS 2 — Group cash-settled share-based payment arrangements Completed 2009. The IASB issued 'Group Cash-settled Share-based Payment Transactions (Amendments to IFRS 2)', and withdrew IFRIC 8 and IFRIC 11, on 18 June 2009.
IFRS 2 — Research project on share-based payments Discontinued. A summary of the research results was published on 31 October 2018.
IFRS 2 — Scope of IFRS 2 Completed 2006. IFRIC 8 'Scope of IFRS 2' was issued on 12 January 2006
IFRS 2 — Treasury share transactions and group transactions Completed 2006. IFRIC 11 'IFRS 2 – Group and Treasury Share Transactions' was issued on 2 November 2006.
IFRS 2 — Vesting and non-vesting conditions A project to clarify the definition of 'vesting conditions' and 'non-vesting conditions' in IFRS 2 'Share-based Payments'.
IFRS 2 — Vesting conditions and cancellations Completed 2008. The IASB issued 'Vesting Conditions and Cancellations (Amendments to IFRS 2)' on 17 January 2008.
IFRS 3 — Definition of a business Completed. The IASB issued 'Definition of a Business (Amendments to IFRS 3)' on 22 October 2018.
IFRS 3/IFRS 11 — Remeasurement of previously held interests This project has been completed. The proposed amendments were finalised as part of the annual improvements 2015-2017 on 12 December 2017.
IFRS 5 — Definition of 'discontinued operations' On hold. Originally a joint IASB-FASB project to develop a common definition of, and common disclosures about, discontinued operations. This project is currently on hold pending an IASB staff review to develop a recommended course of action.
IFRS 7 — Disclosures about investments in debt instruments Abandoned 2009. On the basis of constituent feedback on Exposure Draft 'Investments in Debt Instruments (Proposed Amendments to IFRS 7)', the IASB decided, at its January 2009 meeting, to abandon the proposals for the time being and to add the issues the ED aimed to address to the project on a comprehensive review of financial instruments.
IFRS 7 — Improved disclosures about financial instruments Completed 2009. The IASB issued 'Improving Disclosures about Financial Instruments (Amendments to IFRS 7)' on 5 March 2009.
IFRS 9 — Prepayment features with negative compensation Completed 2017. The IASB issued 'Prepayment Features with Negative Compensation (Amendments to IFRS 9)' on 12 October 2017.
IFRS 10 — Transitional requirements Completed 2012. The IASB issued 'Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance' on 28 June 2012.
IFRS 10/IAS 28 — Investment entity amendments Completed 2014. The IASB issued 'Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28)' on 18 December 2014.
IFRS 10/IAS 28 — Sales or contributions of assets between an investor and its associate/joint venture Completed 2014. The IASB issued 'Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28)' on 11 September 2014.
IFRS 11 — Acquisition of an interest in a joint operation Completed 2014. The IASB issued 'Accounting for Acquisitions of Interests in Joint Operations (Amendments to IFRS 11)' on 6 May 2014.
IFRS 13 — Unit of account This project has been discontinued. At its January 2016 meeting the IASB decided to continue work in this area as part of the post-implementation review of IFRS 13. The review is expected to take place during 2016.
IFRS for small and medium-sized entities Completed 2009. The IASB issued 'IFRS for Small and Medium-sized Entities' on 9 July 2009.
IFRS for SMEs — Comprehensive review 2012-2014 This project has been completed. The IASB issued '2015 Amendments to the IFRS for SMEs' on 21 May 2015.
Impairment of assets This project is currently inactive. Initiated as a joint IASB-FASB project to develop a common approach to the impairment of assets.
Improvements to existing International Accounting Standards (2001-2003) Completed 2003. The IASB published 13 revised International Accounting Standards (IASs), and withdrew another, on 18 December 2003.
Insurance contracts — Comprehensive project Completed 2017. The IASB issued IFRS 17 'Insurance Contracts' on 18 May 2017.
Insurance contracts — Phase I Completed 2004. IFRS 4 'Insurance Contracts' was issued on 31 March 2004.
Joint arrangements Completed 2011. The IASB issued IFRS 11 'Joint Arrangements' on 12 May 2011, requiring the use of equity accounting for joint ventures and removing the focus on legal form when assessing arrangements.
Leases (IFRS 16) Completed 2016. IFRS 16 'Leases' was issued on 13 January 2016.
Management commentary Completed 2010. The IASB issued IFRS Practice Statement 'Management Commentary' on 8 December 2010.
Post-employment benefits — Discount rate Discontinued 2009. The IASB had originally proposed to eliminate the requirement to use yields on government bonds in measuring post-employment benefits, instead requiring the estimation of the yield on high quality corporate bonds. The IASB did not finalise the amendment on the basis of constituent feedback.
Post-employment benefits – Amendments to IAS 19 Completed 2011. A revised IAS 19 'Employee Benefits' was issued on 16 June 2011, eliminating options on accounting for actuarial gains and losses on pensions and similar items, and related improvements.
Preface to International Financial Reporting Standards Completed 2001. 'Preface to International Financial Reporting Standards' was issued on on 23 May 2002.
Rate-regulated activities — Interim standard Completed 2014. IFRS 14 'Regulatory Deferral Accounts' was issued on 30 January 2014.
Reporting comprehensive income (performance reporting) Discontinued 2004. The IASB and FASB agreed that, in the interests of convergence, a project on this topic should be conducted jointly. These discussions are covered in the 'financial statement presentation' project.
Revenue recognition Completed 2014. IFRS 15 'Revenue from Contracts with Customers' was issued on 28 May 2014.
Segment reporting — Convergence issues Completed 2006. The IASB issued IFRS 8 'Operating Segments' on 30 November 2006.
Service concession arrangements Completed 2006. IFRIC 12 'Service Concession Arrangements' was issued on 30 November 2006.
Share-based payments Completed 2004. IFRS 2 'Share-based Payment' was issued on April 2004.
SIC-12 – Scope exemption for equity compensation benefits Completed 2004. An amendment to Interpretation SIC-12 'Consolidation – Special Purpose Entities' was issued on 11 November 2004.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.