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Sunday 07 February 2016

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IASB work plan

 Work plan—as at 22 January 2016

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

Next major milestone
 
Current activity Within
3 months
Within
6 months
After
6 months
Upcoming Standards
Analysis
Issue IFRS
Published Exposure Drafts
Conceptual Framework
[Comment period ended 25 November 2015]
Analysis
Decide Project Direction
Disclosure Initiative—Materiality Practice Statement
[Comment period ends 26 February 2016]
Public Consultation
Decide Project Direction
Published Discussion Papers
Upcoming Discussion Papers
The Disclosure Initiative is a portfolio of Implementation and Research projects.
Next major milestone
 
Current activity Within
3 months
Within
6 months
After
6 months
Narrow-scope amendments
Annual Improvements 2014–2016
[Comment period ends 17 February 2016]
Public consultation
Decide Project Direction
Analysis
Publish ED
Public Consultation
Analysis
Drafting ED
Publish ED
Drafting IFRS
Issue IFRS
Classification of Liabilities
(Proposed amendment to IAS 1)
Analysis
Issue IFRS
Drafting ED
Publish ED
Fair Value Measurement: Unit of Account
The work carried out in this project will be fed into the PIR of IFRS 13.
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)
[Comment period ended 19 October 2015]
Analysis
Decide Project Direction
Transfers of Investment Property
(Proposed amendments to IAS 40)
[Comment period ends 18 March 2016]
Public consultation
Decide Project Direction
Interpretations
Analysis
Decide Project Direction
Analysis
Decide Project Direction

The IASB's Research Programme

The objective of the IASB’s research programme is to assess perceived problems or deficiencies in IFRS requirements. Read more.

Assessment stage These projects are assessing possible practice issues to understand if there is a financial reporting problem and, if so, how to address it.
The IASB has begun reviewing the staff findings from the research and will decide on the next steps following the review.
The IASB has begun discussions. This project was started as a result of the post-implementation review of IFRS 3 Business Combinations.
IASB discussions are planned for early 2016.
The IASB has begun discussions and the next step is likely to be a DP in 2016.
The IASB has reviewed the staff findings from the research. The next steps are on hold, awaiting feedback on the Agenda Consultation.
To develop more detailed plans for the current project, the initial work will involve:

     ▪ reviewing approaches explored in the old Financial Statement
       Presentation project, to assess which of them merit further investigation; and

     ▪ initial informal outreach to identify the gaps and perceived deficiencies in existing
       requirements and practices.
The IASB has reviewed the staff findings from the research. The next steps are on hold, awaiting developments in the Conceptual Framework project.
The IASB has reviewed the staff findings from the research. The next steps are on hold, awaiting feedback on the Agenda Consultation.
Development stage The IASB has completed its assessment work and is developing proposals to respond to the problem(s) identified.
IASB discussions about the staff findings from the 2015 research are expected to commence early in 2016 and the next step is likely to be a DP later in 2016.
The IASB has begun discussions and a DP on the Principles of Disclosure is expected to be published in early Q2 2016 (see the Major Projects tab).

The Standards-level Review is a component of the Disclosure Initiative—Principles of Disclosure project. The principles identified through that project will be used as the basis for the Standards-level Review.
The IASB has begun discussions and the next step is likely to be a DP (see the Major Projects tab).
The IASB will discuss in Q1 2016 how to proceed with the project, in light of feedback on the Agenda Consultation and from the Accounting Standards Advisory Forum (ASAF).

Later research will consider whether there is a need for a fundamental review of the equity method.
The IASB has begun discussions and the next step is likely to be a DP.
Inactive projects
The IASB is not currently working on this project.
The IASB has completed its assessment work on this project and has no plans to undertake additional work. It plans to remove this project from the research programme, subject to feedback in the current Agenda Consultation.
The IASB has completed its assessment work on this project and has no plans to undertake additional work. It plans to remove this project from the research programme, subject to feedback in the current Agenda Consultation.
The IASB is developing its research capabilities—for further information visit the IFRS Research Centre.

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

Major projects Issued
date
Effective
date
July 2014
1 January 2018
January 2014
1 January 2016
IFRS 15 Revenue from Contracts with Customers
In September 2015 the IASB deferred the effective date of IFRS 15 by one year to 1 January 2018.
May 2014
1 January 2018
January 2016
1 January 2019
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
Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
(Amendments to IFRS 10 and IAS 28)
*(In December 2015 the IASB postponed the effective date of this amendment indefinitely pending the outcome of its research project on the equity method of accounting.)
September 2014
—*
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
Feedback statement published June 2015 - click here.
Feedback statement published July 2013 - click here.

The IASB carries 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 milestone
 
Current Activity Within
3 months
Within
6 months
After
6 months
2015 Agenda Consultation
[Comment period ended 31 December 2015]
Analysis
Publish Feedback Statement