UKEB Work Plan 19th October 2023
UKEB Work Plan—Endorsement Projects
19 October 2023
| Project | Issued | Last milestone achieved | Status / Effective Date | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | Feb 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Supplier Finance Arrangements | 25/05/23 | DECA Published 20/07/23 | 01/01/24 | DECA Public consultation / Update to Board | Board: ECA Adoption package | Board: DPCS (noting) | |||
| Lack of Exchangeability | 15/08/23 | FCL published 02/09/21 | 01/01/25 | Board: PIP | Preliminary outreach for DECA | Board: DECA | DECA Public consultation | DECA Public consultation |
Dates are indicative only and subject to change. Any queries please contact us at [email protected]
UKEB Work Plan—Influencing Projects
19 October 2023
| Project | Issued | Last milestone achieved | Status / Effective Date | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | Feb 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Narrow-scope amendments | |||||||||
| Annual Improvements—Volume 11 | 12/09/23 | Comments due 11/12/23 | PIP & DCL | FCL, FBS, draft DPCS | Board: DPCS (noting) | ||||
| PIR | |||||||||
| Post-implementation Review of IFRS 9—Impairment | 30 May 2023 | RFI | Comments due 27/09/23 | Board: DPCS (noting) | |||||
| Post-implementation Review of IFRS 15 Revenue from Contracts with Customers | 29 June 2023 | RFI | Comments due 27/10/23 | 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
19 October 2023
| Project | Issued | IFRS Status Next Milestone | IFRS Status Expected Date | UKEB Status Last Milestone | UKEB Status Notes |
|---|---|---|---|---|---|
| IASB Standard-setting projects | |||||
| Business Combinations—Disclosures, Goodwill and Impairment | DP 19/03/20 | ED | Feb 2024 | FCL: 01/21 | |
| Disclosure Initiative—Subsidiaries without Public Accountability: Disclosures | ED 26/07/21 | IFRS Standard | H1 2024 | FCL: 02/22 | |
| Dynamic Risk Management | DP 17/04/14 | ED | 2025 | - | |
| Financial Instruments with Characteristics of Equity | DP 28/06/18 | ED | Nov 2023 | - | |
| Primary Financial Statements | ED 17/12/19 | IFRS Standard | H1 2024 | FCL: 09/20 | |
| IASB Maintenance | |||||
| Rate-regulated Activities | ED 28/01/21 | IFRS Standard | 2025 | FCL: 07/21 | |
| Climate-related and Other Uncertainties in the Financial Statements | Decide Project Direction | Q1 2024 | |||
| Provisions—Targeted Improvements | Decide Project Direction | December 2023 | |||
| Amendments to the Classification and Measurement of Financial Instruments | Final Amendment | H1 2024 | |||
| Power Purchase Agreements | Discussion Feedback | December 2023 | |||
| IASB Research and PIRs | |||||
| Business Combinations under Common Control | DP | Decide Project Direction | November 2023 | FCL: 08/21 | |
| Equity Method | - | ED | H2 2024 | - | |
| ISSB projects | |||||
| ISSB EDs S1 and S2 | ED 03/22 | IFRS Sustainability Disclosure Standards | June 2023 (Final standards issued) | FCL: 07/22 |
Dates are indicative only and subject to change. Any queries please contact us at [email protected]
UKEB Work Plan—Proactive Research Projects
19 October 2023
| Project | Start date | Last milestone achieved | Target Completion | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | Feb 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Quantitative Intangibles Report | 10/22 | Research Underway | Q3 2023 | Board: Draft Report | Board: Final Report | ||||
| User Survey Report | 10/22 | Research Underway | Q1 2024 | Board: Discuss Project | Board: Draft Report | Board: Final Report |
Dates are indicative only and subject to change. Any queries please contact us at [email protected]
19 October 2023 Agenda Paper 5: Appendix A
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 |