The IASB has released an updated work plan, dated 1 February 2012, incorporating the impacts of recently issued pronouncements and outlining revised ‘current best estimates’ for its various projects. A new target date have been introduced for the IASB-FASB joint project on classification and measurement of financial instruments (limited amendments to IFRS 9). A number of key dates for other financial instrument projects have been deferred, as has the expected next step in the insurance contracts project.