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Friday 28 August 2015

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IASB work plan

 Work plan—as at 31 July 2015

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
Drafting IFRS
Issue IFRS
Published Exposure Drafts
Conceptual Framework
[Comment period ends 26 October 2015]
Public Consultation
Decide Project Direction
Upcoming Exposure Drafts
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
Drafting ED
Publish ED
Drafting ED
Publish ED
Analysis
Decide Project Direction
Public Consultation
Decide Project Direction
Classification of Liabilities
(Proposed amendment to IAS 1)
[Comment period ended 10 June 2015]
Public Consultation
Decide Project Direction
Disclosure Initiative–Amendments to IAS 7
[Comment period ended 17 Apr 2015]
Analysis
Decide Project Direction
Drafting IFRS
Issue IFRS
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 ends 19 October 2015]
Public Consultation
Decide Project Direction
Transfers of Investment Property
(Proposed amendments to IAS 40)
Drafting ED
Publish ED

The IASB's Research Programme

The objective of the IASB’s research programme is to assess perceived problems or deficiencies in IFRS requirements. The research programme was proposed in the 2011 Agenda Consultation. 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.
IASB discussions are planned for 2015. This project was started as a result of the post-implementation review of IFRS 3 Business Combinations. IASB staff are planning how to address the problems identified.
IASB discussions are planned for 2015.
IASB discussions are planned for 2015. This project was started as a result of the post-implementation review of IFRS 3 Business Combinations. IASB staff are planning how to address the problems identified.
IASB discussions are planned for 2015.
The IASB has begun discussions and the next step is likely to be a DP in 2016.
IASB discussions are planned for 2015.
The IASB has begun discussions. This project is closely linked with the work being undertaken in the Disclosure Initiative. IASB staff will assess the interaction with the Disclosure Initiative projects before proposing a scope for this project
The IASB has begun discussions. The next steps are pending developments in the Conceptual Framework project.
IASB discussions are planned for 2015.
Development stage The IASB has completed its assessment work and is developing proposals to respond to the problem(s) identified.
The IASB has begun discussions and the next step is likely to be a DP in 2016.
The IASB has begun discussions and a DP on the Principles of Disclosure is expected to be published in late 2015 (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 has begun discussions and the next step is likely to be a DP in 2016.
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 current plans to undertake additional work. It plans to remove this project from the research programme, subject to feedback in the next Agenda Consultation.
The IASB has completed its assessment work on this project and has no current plans to undertake additional work. It plans to remove this project from the research programme, subject to feedback in the next 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 July 2015 the IASB decided to defer the effective date of IFRS 15 by one year to 1 January 2018. The amendment to the effective date of IFRS is expected to be issued in September 2015.
May 2014
1 January 2017
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 July 2015 the IASB decided to propose postponing the effective date of this amendment indefinitely pending the outcome of its research project on the equity menthod of accounting.)
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.
Feedback statement published July 2013 - 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
Public Consultation




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