Research projects
| Title | Description |
|---|---|
| Disclosure initiative — Subsidiaries that are SMEs | This project is part of the IASB's overall disclosure initiative and aims at developing an IFRS (a reduced disclosure IFRS) that will permit subsidiaries that are small and medium-sized entities (SMEs) to apply IFRSs but with reduced disclosure requirements. An exposure draft of a proposed new standard was published 26 July 2021 with comments requested by 31 January 2022. |
| Financial reporting in high inflationary economies | The IASB formally added this research project to its work programme in December 2012 as part of its response to the Agenda Consultation 2011. The IASB has completed its initial assessment on this project and has no current plans to undertake additional work. It plans to remove this project from the research programme, subject to feedback in the next agenda consultation. |
| Foreign currency translation | A research project considering the broader issues associated with foreign currency translation. The IASB has completed its initial assessment on this project and has no current plans to undertake additional work. It plans to remove this project from the research programme, subject to feedback in the next agenda consultation. |
| Income taxes — Comprehensive project | Originally an IASB-FASB convergence project to eliminate differences between IFRS and US GAAP on accounting for income taxes, this project has subsequently become an IASB-only research project. Preliminary work on this research project is not expected to commence until after the 2015 agenda consultation. |
| Intangible assets | This research project is designed to assess the feasibility of developing one set of reporting requirements for investigative, exploratory and developmental activities across a wide range of activities. This project was activated as an IASB-only research project as part of the IASB's response to its Agenda Consultation 2011. |
| Non-financial liabilities | Originally a project to amend the requirements of IAS 37 to clarify the requirements for accounting for liabilities of uncertain timing or amount, this project was reactivated as a research project as part of the IASB's response to its Agenda Consultation 2011. |
| Pollutant pricing mechanisms (formerly Emissions trading schemes) | A project to consider a variety of schemes that use emissions allowances to manage the emission of pollutants. This project was reactivated as an IASB-only research project as part of the IASB's response to its Agenda Consultation 2011. |
| Post-employment benefits — Comprehensive project | Originally a longer term joint IASB-FASB comprehensive project to consider a common standard on post-employment benefit promises, this project is currently a longer-term IASB-only research project. Board discussions are expected during the first and second quarter of 2015. |
| XBRL — eXtensible Business Reporting Language | XBRL (eXtensible Business Reporting Language) is an XML-based computer software language that is developed specifically for the automation of business information requirements, such as the preparation, sharing and analysis of financial reports, statements, and audit schedules. |