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Wednesday 16 April 2014

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Work plan for IFRSs

Work plan—as at 26 March 2014

To access the project pages of these active projects, click on the respective project name in the table.

Next major project milestone
Next major project milestone
2014
Q1
2014
Q2
2014
Q3
2014
Q4
Redeli-
berations
Redeli-
berations
Target IFRS
IFRS for SMEs: Comprehensive Review 2012–2014 – see project page
Next major project milestone
Narrow-scope amendments 2014
Q1
2014
Q2
2014
Q3
2014
Q4
Acquisition of an Interest in a Joint Operation
(Proposed amendments to IFRS 11)
Target IFRS
 
Annual Improvements 2012–2014
[Comment period ended 13 March 2014]
Redeli-
berations
Bearer Plants
(Proposed amendments to IAS 41)
Target IFRS
Target IFRS
Classification of liabilities
(Proposed amendment to IAS 1)
Target ED
Target IFRS
Investment Entities: Clarifications to the accounting for interests in investment entities and applying the consolidation exemption
(Proposed amendments to IFRS 10 and IAS 28)
Target ED
Next steps TBD
Target ED
Target IFRS
Equity Method in Separate Financial Statements
(Proposed amendments to IAS 27)
Redeli-
berations
Next major project milestone
Post-implementation Reviews 2014
Q1
2014
Q2
2014
Q3
2014
Q4
Public consultation
2014
Q1
2014
Q2
2014
Q3
2014
Q4
Research projects on which preliminary work is not expected to commence until after the 2015 agenda consultation    
Research projects for which the timing of preliminary work has not yet been confirmed    
The IASB is developing its research capabilities - for further information see the Tommaso Padoa-Schioppa Memorial Lecture and IASB Research Forum page
Major projects Issued
date
Effective
date
Year that PiR is expected to start*
November 2013
TBD (available for application)
TBC
IFRS 14 Regulatory Deferral Accounts
January 2014
1 January 2016
TBC
* A Post-implementation Review normally begins after the new requirements have been applied internationally for two years, which is generally about 30-36 months after the effective date.
Narrow scope amendments Issued
date
Effective
date
December 2013
1 July 2014
December 2011
1 January 2014
Investment Entities
(Amendments to IFRS 10, IFRS 12 and IAS 27)
October 2012
1 January 2014
June 2013
1 January 2014
May 2013
1 January 2014
Defined Benefit Plans: Employee Contributions
(Proposed amendments to IAS 19)
November 2013
July 2014
Interpretations Issued
date
Effective
date
May 2013
1 January 2014

The IASB is committed to carrying out regular public agenda consultations to seek formal input on the strategic direction and overall balance of our work programme. The feedback from our first formal consultation was published in December 2012.

Next major project milestone
2014 2015 2016  
Initiate second triennial public consultation