IASB issues work plan update 

The revised plan moves — from the first quarter to the second quarter of 2015:

(1) the targeted date for an exposure draft (ED) on elim­i­na­tion of gains and losses arising from trans­ac­tions between an entity and its associate or joint venture and

(2) the feedback statement on the post-im­ple­men­ta­tion review for IFRS 3.

In addition, the work plan adds a new project on re­mea­sure­ment related to a plan amendment, cur­tail­ment, or set­tle­ment/avail­abil­ity of a refund of a surplus from a defined benefit plan (an ED is targeted for the second quarter of 2015).

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