Major projects

Title Description
Disclosure initiative — Overview Provides a summary of projects in the IASB's overall disclosure initiative, outlining summary progress on the implementation and research projects the IASB has decided to consider as part of the broader initiative.
Equity method of accounting A research project to undertake a fundamentally assessment of the equity method of accounting in terms of usefulness to investors and difficulties for preparers. This project was activated as an IASB-only research project as part of the IASB's response to its Agenda Consultation 2011.
Financial instruments — Macro hedge accounting A project to consider risk management strategies referring to open portfolios (macro hedging) which are not specifically covered by the IASB’s project on general hedge accounting. A discussion paper was published on 17 April 2014. A second discussion paper is expected in 2019.
Financial instruments — Comprehensive project A multi-faceted joint IASB-FASB project to rewrite the requirements for accounting for financial instruments, consisting of a number of sub-projects.
Financial instruments with characteristics of equity Originally a joint IASB-FASB project addressing the distinction between liabilities and equity, this project was reactivated as a research project as part of the IASB's response to its Agenda Consultation 2011. A discussion paper DP/2018/1 'Financial Instruments with Characteristics of Equity' was published on 28 June 2018. Comments were requested by 7 January 2019.
Management commentary (Wider corporate reporting) The aim of this project is to review and update the 'Management Commentary Practice Statement' issued in 2010 to help address the lack of alignment and integration between wider corporate reporting and financial reporting. An exposure draft of an updated Practice Statement was published on 27 May 2021 with comments requested by 23 November 2021.
Primary financial statements The aim of this project is to develop improvements to the structure and content of the primary financial statements, with a focus on the statement(s) of financial performance. An exposure draft of a proposed new standard was published on 17 December 2019. On 17 April 2020, the comment period on the exposure draft was extended until 30 September 2020.
Rate-regulated activities — Comprehensive project The IASB is looking into developing an accounting model that will require rate-regulated companies to provide information about their incremental rights to add amounts, and incremental obligations to deduct amounts, in determining the future rates to be charged to customers as a result of goods or services already supplied. On 28 January 2021, the IASB published an exposure draft of a new standard ED/2021/1 'Regulatory Assets and Regulatory Liabilities'. The comment letter period has been extended until 30 July 2021.
Second comprehensive review of the IFRS for SMEs This project is dedicated to a comprehensive review of the IFRS for SMEs, which the IASB issued in 2009 and amended in 2015. It is aimed at identifying whether and, if so, how the IFRS for SMEs should be updated to take account of IFRSs and amendments not currently incorporated into the IFRS for SMEs. An exposure draft of a proposed third edition of the standard was published on 8 September 2022 with comment requested by 7 March 2023.

Correction list for hyphenation

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