28 June 2024
| Project |
Issued |
Last milestone achieved |
Status / Effective Date |
Jun 2024 |
Jul 2024 |
Aug 2024 |
Sep 2024 |
Oct 2024 |
Nov 2024 |
| IFRS 18 Presentation and Disclosure in Financial Statements |
09/04/24 |
PIP published 03/04/24 |
01/01/27 |
Board: Education session |
|
|
|
|
|
| IFRS 19 Subsidiaries without Public Accountability: Disclosures |
09/05/24 |
|
01/01/27 |
Board: PIP |
|
|
Board: DCL |
|
Board: FCL, FBS, draft DPCS |
| Project |
Issued |
Last milestone achieved |
Status / Effective Date |
Jun 2024 |
Jul 2024 |
Aug 2024 |
Sep 2024 |
Oct 2024 |
Nov 2024 |
| Lack of Exchangeability |
15/08/23 |
DECA published 05/02/24 |
01/01/25 |
Board: DPCS (noting) |
|
|
|
|
|
| Amendments to the Classification and Measurement of Financial Instruments |
30/05/24 |
Amendment published 30/05/24 |
01/01/26 |
Board: Education Session. PIP |
|
|
Board DECA |
|
|
| Project |
Issued |
Last milestone achieved |
Status / Effective Date |
Jun 2024 |
Jul 2024 |
Aug 2024 |
Sep 2024 |
Oct 2024 |
Nov 2024 |
| Business Combinations—Disclosures, Goodwill and Impairment |
ED 14/03/24 |
DCL published 31/05/24 |
Comments on ED due 15 July 24 |
Board: FCL, FBS, draft DPCS |
|
|
Board: DPCS (noting) |
|
|
| Power Purchase Agreements |
ED 08/05/24 |
DCL published 5/6/24 |
Comments on ED due 7 August 24 |
|
|
Board: FCL, FBS, draft DPCS |
Board: DPCS (noting) |
|
|
| Project |
Issued |
IFRS Status Next Milestone |
IFRS Status Expected Date |
UKEB Status Last Milestone |
UKEB Status Notes |
| Dynamic Risk Management |
DP 17/04/14 |
ED |
H1 2025 |
- |
|
| Equity Method |
- |
ED |
Q3 2024 |
- |
|
| Rate-regulated Activities |
ED 28/01/21 |
IFRS Standard |
2025 |
FCL: 07/21 |
|
| Financial Instruments with Characteristics of Equity |
ED 29/11/23 |
Decide project direction |
July 2024 |
FCL: 4/24 |
ED feedback session took place at May 2024 IASB meeting. |
| Project |
Issued |
IFRS Status Next Milestone |
IFRS Status Expected Date |
UKEB Status Last Milestone |
UKEB Status Notes |
| Annual Improvements |
ED 12/09/23 |
IFRS Standard |
July 2024 |
FCL: 12/23 |
|
| Project |
Issued |
IFRS Status Next Milestone |
IFRS Status Expected Date |
UKEB Status Last Milestone |
UKEB Status Notes |
| Climate-related and Other Uncertainties in the Financial Statements |
|
ED |
July 2024 |
|
|
| Provisions—Targeted Improvements |
|
ED |
Q4 2024 |
|
|
| Updating the Subsidiaries without Public Accountability: Disclosures Standard |
|
ED |
July 2024 |
|
The IASB is expected to publish a 'catch-up' ED of proposed amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures, setting out new or amended disclosure requirements added or amended in other IFRS Accounting Standards after 28 February 2021. |
| Project | IFRS Status Next Milestone | IFRS Status Expected Date | UKEB Status Last Milestone | UKEB Status Notes |
|:----------------------------------------------------------------|:---------------------------|:--------------------------|:--------------------------|:---------------------------|:--------------------------------------------------------------------------------------------------------|
| Intangible Assets | Review Research | Q4 2024 | | Three UKEB research reports published. For more details, see the UKEB Website. IASB engagement with consultative groups ongoing. |
| Post-implementation Review of IFRS 15 Revenue from Contracts with Customers | Feedback Statement | Q3 2024 | FCL: 10/23 | |
| Project |
Issued |
IFRS Status Next Milestone |
IFRS Status Expected Date |
UKEB Status Last Milestone |
UKEB Status Notes |
| Post-implementation Review of IFRS 9—Impairment |
|
Feedback Statement |
July 2024 |
FCL: 09/23 |
|
(As explained in the UKEB's Regulatory Strategy 2024/25)
| Project |
Issued |
IFRS Status Next Milestone |
IFRS Status Expected Date |
UKEB Status Last Milestone |
UKEB Status Notes |
| Use of a Hyperinflationary Presentation Currency by a Non-hyperinflationary Entity (IAS 21) |
|
ED |
July 2024 |
|
|
| 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]