10 December 2021
| Project |
Issued |
Last milestone achieved |
Status / Effective Date |
Dec 2021 |
Jan 2022 |
Feb 2022 |
Mar 2022 |
Apr 2022 |
May 2022 |
| Major |
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| IFRS 17 Insurance Contracts Amendments to IFRS 17 (incorporates 2021 proposed amendment) |
05/2017 25/06/2020 |
DECA Published |
01/01/2023 |
Public consultation |
Public consultation |
Comment period ends |
Board: Approve adoption, ECA & FBS |
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| Narrow-scope amendments |
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| Annual Improvements to IFRS 2018–2020 |
14/05/20 |
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01/01/2022 |
Board: Approve ECA & Adoption package |
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| Onerous Contracts—Cost of Fulfilling a Contract (Amendments to IAS 37) |
14/05/20 |
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01/01/2022 |
Board: Approve ECA & Adoption package |
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| Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16) |
14/05/20 |
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01/01/2022 |
Board: Approve ECA & Adoption package |
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| Reference to the Conceptual Framework (Amendments to IFRS 3) |
14/05/20 |
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01/01/2022 |
Board: Approve ECA & Adoption package |
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| Classification of Liabilities as Current or Non-Current (Amendments to IAS 1) |
23/01/20 |
TBC (see influencing project below) |
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| Deferral of Effective Date Amendment |
15/07/20 |
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| Accounting Policies and Accounting Estimates (Amendments to IAS 8) |
12/02/21 |
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01/01/2023 |
Board: Approve PIP |
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Board: Approve DECA |
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| Disclosure Initiative—Accounting Policies (Amendments to IAS 1) |
12/02/21 |
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01/01/2023 |
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Board: Approve PIP |
Board: Approve DECA |
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| Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction (Amendments to IAS 12) |
07/05/21 |
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01/01/2023 |
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Board: Approve PIP |
Board: Approve DECA |
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| Project |
Issued |
Last milestone achieved |
Status / Effective Date |
Dec 2021 |
Jan 2022 |
Feb 2022 |
Mar 2022 |
Apr 2022 |
May 2022 |
| Major |
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| ED Disclosure Requirements in IFRS Standards—A Pilot Approach (IFRS 13 & IAS 19) |
25/03/2021 |
Draft comment letter published 26 August 2021 |
Comment period ends 12/01/2022 (extended) |
Board: Approve FCL & FBS |
Submit FCL to IASB & publish |
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| ED Disclosure Initiative—Subsidiaries without public accountability |
26/07/2021 |
PIP approved October 2021 |
Comment period ends 31/01/2022 |
Board: Approve DCL |
Board: Approve FCL & FBS. Submit FCL to IASB & publish. |
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| RfI Post-implementation Review of IFRS 9—Classification and Measurement |
30/09/2021 |
PIP approved November 2021 |
Comment period ends 28/01/2022 |
Board: Approve DCL |
Board: Approve FCL & FBS. Submit FCL to IASB & publish. |
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| Dynamic Risk Management |
Decide project direction Q1 2022 |
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| Narrow-scope amendments |
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| ED Non-Current Liabilities with Covenants (Amendments to IAS 1) |
19/11/2021 |
IASB ED published |
Comment period ends 21/03/2022 |
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Board: Approve PIP & DCL |
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Board: Approve FCL & FBS. Submit FCL to IASB & publish |
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| ED Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7) |
26/11/2021 |
IASB ED published |
Comment period ends 28/03/2022 |
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Board: Approve PIP |
Board: Approve DCL |
Board: Approve FCL & FBS |
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| Project |
Issued |
Last milestone achieved |
Status / Effective Date |
Dec 2021 |
Jan 2022 |
Feb 2022 |
Mar 2022 |
Apr 2022 |
May 2022 |
| Research on subsequent measurement of goodwill to support IASB redeliberations on DP Business Combinations, Disclosures, Goodwill and Impairment |
Request received from IASB September 2021 |
Board: PIP approved October 2021 |
|
Board: Approve letter to IASB |
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Board: Approve field-testing results and feedback statement |
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| Project |
Started |
Current Activity |
Target Completion |
Dec 2021 |
Jan 2022 |
Feb 2022 |
Mar 2022 |
Apr 2022 |
May 2022 |
| Major Projects |
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| UKEB Discussion Paper: Intangible Assets |
27/10/2021 |
Planning |
H2 2023 |
|
Board: Approve Research PIP |
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| Project |
Comments from IASB work plan 30 November 2021 |
Last milestone achieved |
| RfI IASB Third Agenda Consultation issued on 30 March 2021 |
RfI feedback Dec 2021 |
Submitted comment letter 23 September 2021 |
| ED Initial Application of IFRS 17 and IFRS 9—Comparative Information (Amendments to IFRS 17) |
Final Amendments Dec 2021 |
Submitted comment letter 23 September 2021 |
| ED Lack of Exchangeability (Amendments to IAS 21) |
ED feedback Jan 2022 |
Submitted comment letter 31 August 2021 |
| DP Business Combinations under Common Control issued on 30/11/2020 Comment period ended 01/09/2021 |
DP feedback Dec 2021 |
Submitted comment letter 26 August 2021 |
| ED Rate-regulated Activities |
Decide project direction Dec 2021 |
Submitted comment letter 30 July 2021 |
| RfI Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12 issued on 9 December 2020 Comment period ended 10 May 2021 |
RfI feedback statement H1 2022 |
Submitted comment letter 21 May 2021 |
| ED Lease Liability in a Sale and Leaseback (Proposed amendment to IFRS 16) issued on 27 November 2020 Comment period ended 29 March 2021 |
Decide project direction Dec 2021 |
Submitted comment letter 26 March 2021 |
| DP Business Combinations: Disclosures, Goodwill and Impairment issued on 19 March 2020 Comment period ended 31 December 2020 |
Decide project direction Q2 2022 |
Submitted comment letter 29 January 2021 |
| ED General Presentation and Disclosures issued on 17 December 2019 Comment period ended 30 September 2020 |
IFRS Standard expected |
Submitted comment letter 30 September 2020 |
DECA: Draft Endorsement Criteria Analysis
DCL: Draft Comment Letter
DP: Discussion Paper
ECA: Endorsement Criteria Analysis
ED: Exposure Draft
FBS: Feedback Statement
FCL: Final Comment Letter
IASB: International Accounting Standards Board
PIP: Project Initiation Plan
RfI: Request for Information