UKEB Work Plan 19th September 2024
UKEB Work Plan—Endorsement Projects
| Project | Issued | Last milestone achieved | Status / Effective Date | Sep 2024 | Oct 2024 | Nov 2024 | Dec 2024 | Jan 2025 | Feb 2025 |
|---|---|---|---|---|---|---|---|---|---|
| IASB standards | |||||||||
| IFRS 18 Presentation and Disclosure in Financial Statements | 09/04/24 | PIP published 03/04/24 | 01/01/27 | ||||||
| IFRS 19 Subsidiaries without Public Accountability: Disclosures | 09/05/24 | 01/01/27 |
Dates are indicative only and subject to change. Any queries please contact us at [email protected] 1
| Project | Issued | Last milestone achieved | Status / Effective Date | Sep 2024 | Oct 2024 | Nov 2024 | Dec 2024 | Jan 2025 | Feb 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Narrow Scope Amendments | |||||||||
| Amendments to the Classification and Measurement of Financial Instruments | 30/05/24 | PIP published 10/07/24 | 01/01/26 | Board: DECA | Board: Summary of feedback received on the DECA | ||||
| Annual Improvements | 18/07/24 | FCL published 14/12/2023 | Board: PIP & DECA | Board: ECA | Board: DPCS (noting) |
Dates are indicative only and subject to change. Any queries please contact us at [email protected]
UKEB Work Plan—Influencing Projects
| Project | Issued | Last UKEB milestone achieved | UKEB Status / Effective Date | Sep 2024 | Oct 2024 | Nov 2024 | Dec 2024 | Jan 2025 | Feb 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Business Combinations—Disclosures, Goodwill and Impairment | ED 14/03/24 | FCL published 22/07/2024 | Board: DPCS (noting) | ||||||
| Equity Method | ED 19/09/24 | - | Board: PIP, DCL | Board: FCL, FBS, draft DPCS | Board: DPCS (noting) | ||||
| Power Purchase Agreements | ED 08/05/24 | FCL published 06/08/2024 | Board: DPCS (noting) | ||||||
| Updating the Subsidiaries without Public Accountability: Disclosures Standard | ED 30/07/24 | PIP published 03/07/24 | IASB comment period ends 27/11/24 | Board: DCL | Board: FCL, FBS, draft DPCS | Board: DPCS (noting) |
Dates are indicative only and subject to change. Any queries please contact us at [email protected]
UKEB Work Plan—Monitoring of IASB/ISSB projects
| Project | Issued | IFRS Status Next Milestone | IFRS Status Expected Date | UKEB Status Last Milestone | UKEB Status Notes |
|---|---|---|---|---|---|
| IASB Standard-setting projects | |||||
| Dynamic Risk Management | DP 17/04/14 | ED | H1 2025 | - | |
| Rate-regulated Activities | ED 28/01/21 | IFRS Standard | H2 2025 | FCL: 07/21 | |
| Financial Instruments with Characteristics of Equity | ED 29/11/23 | Final amendments | 2026 | FCL: 4/24 | |
| IASB Maintenance | |||||
| Climate-related and Other Uncertainties in the Financial Statements | ED 31/07/24 | ED Feedback | Q1 2025 | ||
| IFRS Due Process Handbook | Publication of proposed revised Handbook | November 2024 | |||
| Provisions—Targeted Improvements | - | ED | November 2024 |
IASB Research
| Project | Issued | IFRS Status Next Milestone | IFRS Status Expected Date | UKEB Status Last Milestone | UKEB Status Notes |
|---|---|---|---|---|---|
| Intangible Assets | - | Review Research | October 2024 | ||
| Post-implementation Review of IFRS 15 Revenue from Contracts with Customers | RFI 29/06/23 | Feedback Statement | September 2024 | FCL: 10/23 |
Dates are indicative only and subject to change. Any queries please contact us at [email protected]
UKEB Work Plan—Deferred projects
(As explained in the UKEB's Regulatory Strategy 2024/25)
| Project | Issued | IFRS Status Next Milestone | IFRS Status Expected Date | UKEB Status Last Milestone | UKEB Status Notes |
|---|---|---|---|---|---|
| Deferred IASB Standard-setting projects | |||||
| Use of a Hyperinflationary Presentation Currency by a Non-hyperinflationary Entity (IAS 21) | ED 25/07/24 | ED Feedback | H1 2025 |
Dates are indicative only and subject to change. Any queries please contact us at [email protected]
Glossary
| Term | Description |
|---|---|
| DECA | Draft Endorsement Criteria Assessment |
| DCL | Draft Comment Letter |
| DP | Discussion Paper |
| DPCS | Due Process Compliance Statement |
| ECA | Endorsement Criteria Assessment |
| ED | Exposure Draft |
| FBS | Feedback Statement |
| FCL | Final Comment Letter |
| IASB | International Accounting Standards Board |
| PIP | Project Initiation Plan |
| RFI | Request for Information |
| TAD | Tentative Agenda Decision |