IFRIC Issues
Date recorded:
GMT+0
Location:
London
The IFRIC Coordinator presented the results of the September IFRIC meeting (see our report on this meeting Elsewhere on www.IASPlus.com). With respect to the IFRIC's conclusions on the treatment share-based payments employees who transfer between entities in a consolidated group, a Board member noted that (while not objecting to the IFRIC's conclusions) the issue demonstrated that the IASB is schizophrenic with respect to the application of IFRSs in separate financial statements.