The IASB regularly updates and publishes a project plan that outlines the timelines for the projects it is working on.

Instructions
Using the IASB website (www.ifrs.org), identify new standards that have been recently released. Review the transitional provisions, if any, for each of these standards to find out wheneach becomes effective and whether they are to be prospectively or retrospectively applied. In addition, identify what elseis on the work plan, and comment on what this tells you aboutaccounting standards and financial reporting.provisions, if any, for each of these standards to find out wheneach becomes effective and whether they are to be prospectively or retrospectively applied. In addition, identify what elseis on the work plan, and comment on what this tells you aboutaccounting standards and financial reporting.