Global Standards for the world economy

Wednesday 22 January 2020

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Due Process documentation and DPOC correspondence

Due Process documentation and DPOC correspondence

IFRS Standards

Major IFRS Standards


IFRS 9 Financial Instruments (replacement of IAS 39)
             Classification and Measurement (limited amendments)
             Hedge Accounting
             Accounting for Macro Hedging
Insurance Contracts
Rate-regulated Activities
             Interim IFRS
             Rate regulation
Revenue Recognition
Disclosure Initiative
Agenda Consultation
Fair value measurement



Narrow scope amendments
             Acquisition of an Interest in a Joint Operation
             Actuarial Assumptions: Discount Rate
             Annual Improvements 2010–2012
             Annual Improvements 2011–2013
             Annual Improvements 2012–2014
             Annual Improvements 2013–2015
             Annual Improvements 2014–2016
             Annual Improvements 2015–2017
             Bearer Plants (Proposed amendments to IAS 41)
             Clarifications arising from the Post-Implementation Review (PIR) (Proposed              Amendments to IFRS 8)
             Clarification of Acceptable Methods of Depreciation and Authorisation (proposed
             amendments to IAS16 and 38)
             Clarifications of Classification and Measurement of Share-based Payment
             Transactions (Proposed amendment to IFRS 2)
             Classification of Liabilities (proposed amendment to IAS 1)
             Defined Benefit Plans: Employee Contributions (Proposed amendments to IAS 19)
             Definition of a business (Proposed Amendments to IFRS 3)
             Disclosure Initiative (proposed amendments to IAS 1 and IAS 7)
             Elimination of gains arising from "downstream" transactions (Proposed
             amendments to IAS 28)
             Equity Method in Separate Financial Statements
             Equity Method: Share of Other Net Asset Changes (Proposed amendments to IAS 28)
             Fair Value Measurement: Unit of Account (Proposed amendments to IFRS 13)
             Investment Entities: Clarifications to the accounting for interests in investment
             entities and applying the consolidation exemption (Proposed amendments to IFRS 10
             and IAS 28)
             Novation of Derivatives and Continuation of Hedge Accounting (Proposed
             amendments to IAS 39
             and IFRS 9)
             Property, Plant and Equipment: Proceeds before Intended Use (proposed amendments                to IAS 16)
             Put Options Written on Non-controlling Interests (Proposed amendments to IAS 32)
             Recognition of Deferred Tax Assets for Unrealised Losses (Proposed amendments to
             IAS 12)
             Recoverable Amount Disclosures for Non-Financial Assets (Proposed              amendments to IAS 36)
             Remeasurement of previously held interests (Proposed amendments to IFRS 3 and
             IFRS 11)
             Remeasurement at a plan amendment, curtailment or settlement / Availability of a refund              of a surplus from a defined benefit plan (Proposed amendments to IAS 19 and IFRIC 14)
             Review of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
             Sale or Contribution of Assets between an Investor and its Associate or Joint              Venture (Proposed amendments to IFRS 10 and IAS 28)
             Separate Financial Statements (Equity Method) (Proposed amendments to IAS 27)
             Symmetric Prepayment Options: proposed amendment to IFRS 9
             Transfers of investment property (Proposed amendments to IAS 40)
             Accounting for uncertainties in income taxes (Proposed Interpretation of IAS 12)
             Foreign Currency Transactions and Advance Considerations (Proposed Interpretation of              IAS 12)
             Long-term interests (Proposed Interpretation of IAS 28 and IFRS 9)
Post-implementation Reviews
             IFRS 8 Operating Segments
             IFRS 3 Business Combinations

Conceptual Framework


Conceptual Framework (chapters addressing elements of financial statements, measurement, reporting entity and presentation and disclosure)
Disclosures: Discussion Forum
Due process summary for the Conceptual Framework in Financial Reporting

Research projects


Business combinations under common control
Discount rates
Emissions trading schemes
Equity method of accounting
Extractive activities
Financial instruments with characteristics of equity
Financial reporting in high inflationary economies
Foreign currency translation
Income taxes
Intangible assets
Liabilities—amendments to IAS 37 Post-employment benefits (including pensions)Share-based payments

Completed IFRSs


Major Projects
             Amendments to IAS 19 Employee Benefits
             IFRS 9 Financial Instruments
             IFRS 10 Consolidated Financial Statements
             IFRS 11 Joint Arrangements
             IFRS 12 Disclosure of Interests in Other Entities
             IFRS 13 Fair Value Measurement
Narrow scope amendments
             Annual Improvements 2009-2011
             IFRS 1 First-time Adoption of International Financial Reporting Standards—Government Loans
             Disclosures-Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7)
             IFRS 9 Financial Instruments—Mandatory effective date of IFRS 9 and transition disclosures
             Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other              Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11, and IFRS 12)
             IFRS 9 Financial Instruments—Mandatory effective date of IFRS 9 and transition disclosures
             Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27)
             IAS 32 Financial Instruments: Presentation—Offsetting Financial Assets and Financial Liabilities
             IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine

XBRL (Electronic Reporting)


XBRL: Interim Release 2013