Global Standards for the world economy

Sunday 16 December 2018

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Research projects for which no further work is planned


After considering the initial research, together with feedback received through the 2015 Agenda Consultation, the Board decided that no further research is needed on some projects previously in the research programme.

Click on the project name for more information on that project.

Research project Description Outcome
Foreign Currency Translation This project assessed whether the Board should replace or amend IAS 21 The Effects of Changes in Foreign Exchange Rates.
The Board decided:
  • not to develop a replacement to, or amendment of, IAS 21; and
  • not to carry out further research in this area.
High Inflation In this project, the Board considered whether to:
  • eliminate or reduce the cumulative inflation rate threshold currently included in IAS 29 Financial Reporting in Hyperinflationary Economies to identify when hyperinflation exists; and
  • modify the procedures for reporting the adjustments resulting from restating the financial statements.
The Board decided:
  • to add to its research pipeline a new, narrow-scope feasibility study to consider the scope of IAS 29;
  • not to develop modifications to the procedures for reporting the adjustments resulting from restating the financial statements; and
  • not to carry out further research in this area.
Income Taxes This project investigated the causes of problems faced by preparers and users of financial statements that arise in applying IAS 12 Income Taxes. It also assessed whether, and if so how, the Board should consider addressing them.
The Board decided:
  • not to develop a replacement to, or amendment of, IAS 12; and
  • not to carry out further research in this area.
Post-employment Benefits This project explored whether a feasible solution can be developed to address hybrid pension plan designs that incorporate features of both defined contribution and defined benefit plans.
The Board:
  • added to its research pipeline a new, narrow-scope feasibility study on pension benefits that depend on asset returns ; and
  • decided not to investigate other aspects of accounting for post-employment benefits.