IASB work plan updated in 2020
Following its July meeting, the IASB updated its work plan. The main changes, by theme, are as follows:
Keywords: Mazars, Thailand, IFRS, IASB
26 October 2020
Standard-setting projects
- Management Commentary: an exposure draft to revise the IFRS Practice Statement is now scheduled for the first half of 2021 (previously the second half of 2020).
- Rate-regulated Activities: an exposure draft is now scheduled for the fourth quarter of 2020 (previously the second half of 2020).
Maintenance projects
- Deferred Tax related to Assets and Liabilities arising from a Single Transaction: the IASB will decide on the project direction for the proposed amendments to IAS 12 (published in July 2019) during the fourth quarter of 2020.
- Lease Liability in a Sale and Leaseback: the exposure draft of proposed amendments to IFRS 16, specifying how a seller-lessee should subsequently measure the liability arising from a sale-and-leaseback transaction with variable lease payments, is now scheduled for November 2020 (previously September 2020).
Research projects
- Business Combinations under Common Control: a Discussion Paper will be published in November 2020 (previously the third quarter of 2020).
- Extractive Activities: the project direction will be decided in the first half of 2021.
- Financial Instruments with Characteristics of Equity: the IASB will decide on the direction of the debt/equity project in the fourth quarter of 2020 (previously the second half).
- Pension Benefits that Depend on Asset Returns: a review of the initial research is scheduled for the fourth quarter of 2020 (previously the second half).
- Post-implementation Review of the consolidation package (IFRS 10, IFRS 11, IFRS 12): a Request for Information is scheduled for the fourth quarter of this year (previously October 2020).
The IASB’s work plan is available on the IASB’s website.
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