| Project |
Issued |
Last milestone achieved |
Status / Effective Date |
Jan 2023 |
Feb 2023 |
Mar 2023 |
Apr 2023 |
May 2023 |
June 2023 |
| Major |
|
|
|
|
|
|
|
|
|
| – |
|
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|
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|
|
|
|
|
| Narrow-scope amendments |
|
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|
|
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|
|
|
|
| Lease Liability in a Sale and Leaseback (Amendment to IFRS 16) |
22/09/22 |
|
01/01/24 |
Public consultation |
Public consultation |
Public consultation |
Board: Discuss Feedback |
Board: ECA Adoption package |
Board: DPCS |
| Classification of Liabilities as Current or Non-Current (2020 Amendments to IAS 1) |
23/01/20 |
|
01/01/24 |
Board: PIP |
Board: DECA |
Public consultation |
Public consultation |
Public consultation |
Board: Discuss Feedback |
| Non-Current Liabilities with Covenants (2022 Amendments to IAS 1) |
31/10/22 |
|
|
|
|
|
|
|
|
| Project |
Issued |
Last milestone achieved |
Status / Effective Date |
Jan 2023 |
Feb 2023 |
Mar 2023 |
Apr 2023 |
May 2023 |
June 2023 |
| IASB Projects |
|
|
|
|
|
|
|
|
|
| International Tax Reform—Pillar Two Model Rules (Proposed amendments to IAS 12) |
9/01/23 |
|
Comment deadline 10/03/23 |
|
|
|
|
|
|
| ISSB Projects* |
|
|
|
|
|
|
|
|
|
| There are currently no relevant ISSB due process documents open for stakeholder comment |
|
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|
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- Per the 2022 UKEB Regulatory Strategy: These projects assess any overlaps with IASB Standards from the ISSB issued Exposure Drafts.
| Project |
Issued |
Next Milestone |
Expected Date |
Last Milestone |
Expected Next Steps |
| IASB Standard-setting projects |
|
|
|
|
|
| Disclosure Initiative—Subsidiaries without Public Accountability |
ED: 03/21 |
IFRS Standard |
– |
FCL: 02/22 |
Actively monitoring |
| ED Disclosure Requirements in IFRS Standards—A Pilot Approach (IFRS 13 & IAS 19) |
ED: 07/21 |
Project Summary |
03/2023 |
FCL: 12/21 |
Actively monitoring |
| Dynamic Risk Management |
– |
ED |
– |
– |
Actively monitoring |
| Financial Instruments with Characteristics of Equity |
– |
ED |
H2 2023 |
– |
Actively monitoring |
| Primary Financial Statements |
ED: 12/19 |
IFRS Standard |
– |
FCL: 09/20 |
Actively monitoring |
| Project |
Issued |
Next Milestone |
Expected Date |
Last Milestone |
Expected Next Steps |
| Amendments to the Classification and Measurement of Financial Instruments |
– |
ED |
March 2023 |
– |
Actively monitoring |
| Lack of Exchangeability (Amendments to IAS 21) |
ED: 04/21 |
Amendment |
Q2 2023 |
FCL: 08/21 |
Actively monitoring |
| Supplier Finance Arrangements |
ED: 11/21 |
Amendment |
Q2 2023 |
FCL: 03/22 |
Actively monitoring |
| Project |
Issued |
Next Milestone |
Expected Date |
Last Milestone |
Expected Next Steps |
| Business Combinations—Disclosures, Goodwill and Impairment |
DP |
ED |
– |
FCL: 01/21 |
Actively monitoring |
| Business Combinations under Common Control |
DP |
Decide Project Direction |
– |
FCL: 08/21 |
Actively monitoring |
| Project |
Issued |
Next Milestone |
Expected Date |
Last Milestone |
Expected Next Steps |
| Equity Method |
– |
Decide Project Direction |
– |
– |
Actively monitoring |
| Extractive Activities |
– |
Decide Project Direction |
Q2 2023 |
– |
Actively monitoring |
| Post-implementation Review of IFRS 9—Classification and Measurement |
RfI: 09/21 |
Completed |
Dec 2022 |
FCL: 01/22 |
Completed (will be removed from future workplans) |
| Post-implementation Review of IFRS 9—Impairment |
– |
RfI |
Q2 2023 |
– |
Awaiting IASB RfI |
| Post-implementation Review of IFRS 15 Revenue from Contracts with Customers |
– |
RfI |
Q2 2023 |
– |
Awaiting IASB RfI |
| ISSB EDs |
ED: 03/22 |
IFRS Sustainability |
– |
FCL: 07/22 |
Actively monitoring |
| ISSB Agenda Consultation |
– |
Disclosure Standards |
RfI |
Q2 2023 |
Awaiting ISSB RfI |
| Project |
Started |
Last milestone achieved |
Target Completion |
Jan 2023 |
Feb 2023 |
Mar 2023 |
Apr 2023 |
May 2023 |
June 2023 |
| UKEB Pro-active Research: Qualitative Intangibles Report |
10/21 |
Research Underway |
Q1 2023 |
|
Board: Approve Research Report for publication |
|
|
|
|
| UKEB Pro-active Research: Quantitative Intangibles Report |
10/22 |
Research Underway |
Q3 2023 |
Board: Discuss Project |
|
Board: Discuss Project |
Board: Discuss Project |
Board: Draft Report |
Board: Draft Report |
| UKEB Pro-active Research: User Survey Report |
10/22 |
Research Underway |
Q1 2024 |
|
Board: Discuss Project |
|
Board: Discuss Project |
Board: Discuss Project |
Board: Discuss Project |
| 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 |
Dates are indicative only and subject to change. Any queries please contact us at [email protected]