UKEB Work Plan 26th April 2024
UKEB Work Plan—Endorsement Projects
26 April 2024
IASB standards
| Project | Issued | Last milestone achieved | Status / Effective Date | Apr 2024 | May 2024 | Jun 2024 | Jul 2024 | Aug 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| IFRS 18 Presentation and Disclosure in Financial Statements | 09/04/24 | PIP published 03/04/24 | Board: Education session | Board: Education session |
Narrow Scope Amendments
| Project | Issued | Last milestone achieved | Status / Effective Date | Apr 2024 | May 2024 | Jun 2024 | Jul 2024 | Aug 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Lack of Exchangeability | 15/08/23 | DECA published 05/02/24 | 01/01/25 | DECA Public consultation | Board: ECA Adoption package | Board: DPCS (noting) |
UKEB Work Plan—Influencing Projects
26 April 2024
Narrow Scope Amendments
| Project | Issued | Last milestone achieved | Status / Effective Date | Apr 2024 | May 2024 | Jun 2024 | Jul 2024 | Aug 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Business Combinations—Disclosures, Goodwill and Impairment | ED 14/03/24 | PIP published on 28/03/24 | Comments on ED due 15 July 24 | Board: Technical Paper | Board: DCL | Board: FCL, FBS, draft DPCS | Board: DPCS (noting) | ||
| Financial Instruments with Characteristics of Equity | ED 29/11/23 | FCL published 03/04/24 | ED Feedback May 24 | Board: DPCS (noting) | |||||
| Power Purchase Agreements | ED expected May 2024 | Board: PIP | Board: DCL | Board: FCL, FBS, draft DPCS | Board: DPCS (noting) |
UKEB Work Plan—Monitoring of IASB/ISSB projects
26 April 2024
IASB Standard-setting projects
| Project | IFRS Status Issued | IFRS Status Next Milestone | IFRS Status Expected Date | IFRS Status Last Milestone | UKEB Status Notes |
|---|---|---|---|---|---|
| Disclosure Initiative—Subsidiaries without Public Accountability: Disclosures | ED 26/07/21 | IFRS Standard | May 2024 | FCL: 02/22 | |
| Dynamic Risk Management | DP 17/04/14 | ED | H1 2025 | – | |
| Equity Method | - | ED | Q3 2024 | – |
26 April 2024
IASB Maintenance
| Project | IFRS Status Issued | IFRS Status Next Milestone | IFRS Status Expected Date | IFRS Status Last Milestone | UKEB Status Notes |
|---|---|---|---|---|---|
| Rate-regulated Activities | ED 28/01/21 | IFRS Standard | 2025 | FCL: 07/21 | |
| Annual Improvements | ED 12/09/23 | IFRS Standard | Q3 2024 | FCL: 12/23 | |
| Climate-related and Other Uncertainties in the Financial Statements | Decide Project Direction | April 2024 | |||
| Provisions—Targeted Improvements | ED | H2 2024 | |||
| Amendments to the Classification and Measurement of Financial Instruments | Final Amendment | May 2024 |
26 April 2024
| Project | IFRS Status Issued | IFRS Status Next Milestone | IFRS Status Expected Date | IFRS Status Last Milestone | UKEB Status Notes |
|---|---|---|---|---|---|
| Updating the Subsidiaries without Public Accountability: Disclosures Standard | ED | Q3 2024 | After IFRS 19 Subsidiaries without Public Accountability: Disclosures is issued in May 2024, the IASB will publish a catch-up ED of proposed amendments to IFRS 19 for new or amended disclosure requirements added or amended in other IFRS Accounting Standards after 28 February 2021. |
UKEB Work Plan—Deferred projects
(As explained in the UKEB's (Draft) Regulatory Strategy 2024/25)
26 April 2024
Deferred IASB Standard-setting projects
| Project | IFRS Status Issued | IFRS Status Next Milestone | IFRS Status Expected Date | IFRS Status Last Milestone | UKEB Status Notes |
|---|---|---|---|---|---|
| Use of a Hyperinflationary Presentation Currency by a Non-hyperinflationary Entity (IAS 21) | ED | Q3 2024 |
UKEB Work Plan—Proactive Research Projects
26 April 2024
| Project | Start date | Last milestone achieved | Target Completion | Apr 2024 | May 2024 | Jun 2024 | Jul 2024 | Aug 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Intangibles | Board: PIP |
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]