Global Standards for the world economy

Tuesday 27 June 2017

Banner graphic

IASB work plan

 Work plan—as at 18 May 2017

To learn more about any project listed below, click on the project name.

Next major milestone
 
Current activity Within
3 months
Within
6 months
After
6 months
Research Projects

Disclosure Initiative:
Principles of Disclosure

(Comment period ends 2 October 2017)
Public Consultation
Decide Project Direction
Analysis
Publish DP
or ED
Analysis
Publish DP
Analysis
Decide Project Direction
Drafting
Publish Research Summary
Drafting
Publish Research Summary
Standard-setting and related projects
Drafting
Publish Conceptual Framework
Drafting
Publish Practice Statement
(Expected June)

Disclosure Initiative:
Definition of Materiality

(Proposed amendments to IAS 1
and IAS 8)

Drafting
Publish ED
(Expected June)
Analysis
Publish DP

Publication dates of documents may change to reflect the Board’s priorities.

The Board’s plan for Better Communication

A major theme of the Board’s work is its plan for better communication in financial reporting. That plan includes a Disclosure Initiative, a project on Primary Financial Statements and other projects, including work on the IFRS Taxonomy. To learn more about the Board’s plan for better communication in financial reporting click here.

IFRS for SMEs Standard

The Board plans to start its next comprehensive review of the IFRS for SMEs Standard in 2019.

Research activities

Before the Board starts a project to make a major amendment to IFRS Standards, it carries out a research project to gather evidence about whether that amendment is needed. To learn more about the Board’s evidence-based approach to standard-setting click here.

The Board has gathered sufficient evidence to establish that no further action is needed for some research projects. Click here to read about those projects.

The research pipeline

The Board intends to commence research on further topics before 2021. Click here to read about the research pipeline.

Next major milestone
 
Current activity Within
3 months
Within
6 months
After
6 months
Narrow-scope amendments and
IFRIC Interpretations

Accounting Policies and Accounting Estimates

(Proposed amendments to IAS 8)

Drafting
Publish ED
(expected June)

Classification of Liabilities

(Amendments to IAS 1)

Analysis
Issue IFRS Amendment

Definition of a Business

(Proposed amendments to IFRS 3)

Analysis
Decide Project Direction

Previously Held Interests in a Joint Operation

(Amendments to IFRS 3 and IFRS 11)

Analysis
Issue IFRS
Amendment

Improvements to IFRS 8 Operating Segments

(Proposed amendments to IFRS 8 and IAS 34)
(Comment period ends 31 July 2017)
Public Consultation
Decide Project Direction
Analysis
Issue IFRS Amendment
Drafting
Publish ED
(Expected June)

Prepayment Features with Negative Compensation

(Proposed amendments to IFRS 9)
(Comment period ends 24 May 2017)

Public Consultation
Decide Project Direction
Drafting
Issue IFRIC Interpretation
(Expected June)
Analysis
Decide Project Direction

Long-term interests in associates and joint ventures

(Amendments to IAS 28)
(Previously part of Annual Improvements 2015-2017)

Analysis
Issue IFRS Amendment
Analysis
Publish ED


IFRS Taxonomy Update on Insurance Contracts
(Comment period ends 18 September 2017)
Public Consultation
Publish Update
 
Post-implementation Reviews

The Board conducts post-implementation reviews (PIRs) of significant new IFRS Standards.
In addition, the Board may decide to conduct a PIR of other Standards. Click here to learn more about PIRs.

The Board also plans to conduct a PIR of IFRS 5 Non-current Assets Held for Sale and Discontinued Operations in due course.

This list provides an overview of recently issued IFRS Standards and corresponding effective dates.

Standard-setting and related projects Issued
date
Effective
date
      Additional information

July 2014

1 January 2018

January 2014

1 January 2016

May 2014

1 January 2018
In September 2015 the Board deferred the effective date of IFRS 15 by one year to
1 January 2018.

January 2016

1 January 2019

May 2017

1 January 2021

May 2015

1 January 2017
Narrow-scope amendments Issued
date
Effective
date

May 2014

1 January 2016

May 2014

1 January 2016

Agriculture: Bearer Plants

(Amendments to IAS 16 and IAS 41)


June 2014

1 January 2016

August 2014

1 January 2016

September 2014

—*
* In December 2015 the Board postponed the effective date of this amendment indefinitely pending the outcome of its research pipeline project on the equity method of accounting.

Annual Improvements 2012-2014



September 2014

1 January 2016

Investment Entities: Applying the Consolidated Exception

(Amendments to IFRS 10, IFRS 12 and IAS 28)


December 2014

1 January 2016

Disclosure Initiative

(Amendments to IAS 1)


December 2014

1 January 2016

January 2016

1 January 2017

Disclosure Initiative

(Amendments to IAS 7)


January 2016

1 January 2017

Annual Improvements 2014-2016





December 2016



December 2016



December 2016



1 January 2017



1 January 2018



1 January 2018

June 2016

1 January 2018

September 2016

1 January 2018

December 2016

1 January 2018

Transfers of Investment Property

(Amendments to IAS 40)


December 2016

1 January 2018

Feedback statement published June 2015 - click here.

Feedback statement published July 2013 - click here.


Agenda Consultation