The IASB has released an updated work plan, dated February 1, 2012, incorporating the impacts of recently issued pronouncements and outlining revised 'current best estimates' for its various projects.
A new target date has been introduced for the IASB-FASB joint project on the classification and measurement of financial instruments. A number of key dates for other financial instrument projects have been deferred, as has the expected next step in the insurance contracts project.