Welcome to the website of the IFRS Foundation and the IASB

Thursday 02 July 2015

Banner graphic

IASB work plan

 Work plan—as at 30 June 2015

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

Next major project milestone
Upcoming Standards 2015
Q3
2015
Q4
2016
Q1
2016
Q2
Redeli-
berations
Target IFRS
Published Exposure Drafts 2015
Q3
2015
Q4
2016
Q1
2016
Q2
Conceptual Framework
[Comment period ends 26 Ocotber 2015]
Redeliberations
Upcoming Exposure Drafts 2015
Q3
2015
Q4
2016
Q1
2016
Q2
Published Discussion Papers 2015
Q3
2015
Q4
2016
Q1
2016
Q2
Upcoming Discussion Papers 2015
Q3
2015
Q4
2016
Q1
2016
Q2
The Disclosure Initiative is a portfolio of Implementation and Research projects.
Next major project milestone
Narrow-scope amendments 2015
Q3
2015
Q4
2016
Q1
2016
Q2
Target ED
Target ED
Classification of liabilities
(Proposed amendment to IAS 1)
Redeli-
berations
Amendments to IAS 7
[Comment period ended 17 Apr 2015]
Redeli-
berations
Redeli-
berations
Transfers of investment property
(Proposed amendments to IAS 40)
Target ED
Interpretations 2015
Q3
2015
Q4
2016
Q1
2016
Q2

The IASB's Research Programme

The objective of the IASB’s research programme, a portfolio of projects that require further research before the IASB decides whether they should be developed into full projects, is to assess perceived problems or deficiencies in IFRS requirements. The research programme was proposed in the 2011 Agenda Consultation. Read more

Development phase The IASB has completed its initial assessment and is developing a Discussion Paper.
The IASB has begun discussions with the next step likely to be a DP in 2016.
Business (definition of)
IASB discussions are planned for 2015.
This initiative comprises several active projects. See also Major Projects.
The IASB has begun discussions and the next step is likely to be a DP in 2016.
IASB discussions are planned for 2015 with the next step likely to be a DP.
Goodwill
IASB discussions are planned for 2015.
Assessment phase These projects are assessing possible practice issues to understand if there is a financial reporting problem and, if so, how to address it.
IASB discussions are planned for 2015 with the next step likely to be a Research Paper.
Primary Financial Statements (previously Performance Reporting)
IASB discussions are planned for 2015 with the next step likely to be a DP.
The IASB has begun discussions and the next step is likely to be a DP.
IASB discussions are planned for 2015 with the next step likely to be a DP.
Provisions, Contingent Liabilities and Contingent Assets
IASB discussions are planned for July 2015. The next steps are pending developments in the Conceptual Framework project.
IASB discussions are planned for 2015 with the next step likely to be a Research Paper.
Exploratory phase These projects are longer-term projects exploring broad issues.
The IASB is not currently working on this topic.
Discussions are expected during 2015 with a DP in 2016.
Suspended / Inactive work The IASB has completed its initial assessments on these projects and has no current plans to undertake additional work. It plans to remove these projects from the research programme, subject to feedback in the next agenda consultation.
Foreign currency translation
High Inflation
The Emerging Economies Group has been asked by the IASB to review disclosure of information by entities in high inflation economies.
The IASB is developing its research capabilities—for further information visit the IFRS Research Centre.
Major projects Issued
date
Effective
date
Year that PIR is expected to start*
July 2014
1 January 2018
TBC
January 2014
1 January 2016
TBC
IFRS 15 Revenue from Contracts with Customers
In May 2015 the IASB published an Exposure Draft proposing a one-year deferral of the effective date of IFRS 15 to 1 January 2018. The comment period for this Exposure Draft ends 3 July 2015.
May 2014
1 January 2017
TBC
May 2015
1 January 2017
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
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
1 January 2016
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
Post-implementation Reviews
Feedback statement published June 2015 - click here.

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
2015 2016  
Initiate second three-yearly public consultation




/* IE11 Fix for SP2010 */ if (typeof (UserAgentInfo) != ‘undefined’ && !window.addEventListener) { UserAgentInfo.strBrowser = 1; }