UKEB Work Plan 30th January 2024

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30 January 2024
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[30 January 2024]

UKEB Work Plan—Endorsement Projects

Project Issued Last milestone achieved Status / Effective Date Jan 2023 Feb 2024 Mar 2024 April 2024 May 2024 June 2024
Lack of Exchangeability 15/08/23 FCL published 02/09/21 01/01/25 Board: DECA DECA Public consultation DECA Public consultation DECA Public consultation Board: Update Board: ECA Adoption package

[30 January 2024]

UKEB Work Plan—Influencing Projects

IASB standard-setting projects

Project Issued Last milestone achieved Status / Effective Date Jan 2024 Feb 2024 Mar 2024 April 2024 May 2024 June 2024
Financial Instruments with Characteristics of Equity ED 29/11/2023 PIP 19/10/23 Comments on ED due 29 March 2024 Board: DCL DCL Public consultation Board: FCL, FBS, draft DPCS Board: DPCS (noting)

Narrow Scope Amendments

Project Issued Last milestone achieved Status / Effective Date Jan 2024 Feb 2024 Mar 2024 April 2024 May 2024 June 2024
Annual Improvements—Volume 11 12/09/23 DCL published 19/10/23 Comments on ED due 11/12/23 ED feedback Q1 2024 Board: DPCS (noting)

IFRIC Tentative Agenda Decision

Project Issued Last milestone achieved Status / Effective Date Jan 2024 Feb 2024 Mar 2024 April 2024 May 2024 June 2024
IFRS Interpretations Committee—Tentative Agenda Decision: Climate-related Commitments (IAS 37) TAD 7/12/23 --- Comments on TAD due 5/2/24 Board: PIP and FCL Board: DPCS (noting)

[30 January 2024]

UKEB Work Plan—Monitoring of IASB/ISSB projects

IASB Standard-setting projects

Project IFRS Status UKEB Status
Issued Next Milestone Expected Date Last Milestone Notes
Business Combinations—Disclosures, Goodwill and Impairment DP 19/03/20 ED March 2024 FCL: 01/21
Disclosure Initiative—Subsidiaries without Public Accountability: Disclosures ED 26/07/21 IFRS Standard Q2 2024 FCL: 02/22
Dynamic Risk Management DP 17/04/14 ED H1 2025 ---
Equity Method --- ED H2 2024 ---
Primary Financial Statements ED 17/12/19 IFRS Standard Q2 2024 FCL: 09/20

IASB Maintenance

Project IFRS Status UKEB Status
Issued Next Milestone Expected Date Last Milestone Notes
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 Q2 2024
Provisions—Targeted Improvements ED H2 2024
Amendments to the Classification and Measurement of Financial Instruments Final Amendment Q2 2024
Power Purchase Agreements ED Q2 2024
Updating the Subsidiaries without Public Accountability: Disclosures Standard ED Q2 2024 After the Subsidiaries without Public Accountability: Disclosures Standard is issued in Q2 2024, the IASB will publish an ED of proposed amendments to that Standard for new or amended disclosure requirements added or amended in other IFRS Accounting Standards after 28 February 2021.

[30 January 2024]

UKEB Work Plan—Proactive Research Projects

Project Start date Last milestone achieved Target Completion Jan 2024 Feb 2024 Mar 2024 April 2024 May 2024 June 2024
Quantitative Intangibles Report 10/22 Research Underway Q1 2024 Board: Draft Report Board: Final Report
User Survey Report 10/22 Research Underway Q1 2024 Board: Draft Report Board: Final Report

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

Dates are indicative only and subject to change. Any queries please contact us at [email protected]