IAS 38 Subscriber acquisition costs
The IFRIC considered a question on the application of IAS 38 Intangible Assets that had been referred to it by the Urgent Issues Group of the Australian Accounting Standards Board. The UIG was concerned that its Abstract 42 Subscriber Acquisition Costs in the Telecommunications Industry might be inconsistent with IFRSs.
Decision not to add
IFRIC members expressed concern that the issues raised in UIG 42 applied in a broad range of situations and were not limited to the telecommunications sector. If the IFRIC did add this topic to its agenda, there were concerns about whether IFRIC would be able to reach a consensus view on a timely basis. The IFRIC also noted that this issue was related to several Board projects. Accordingly, the IFRIC tentatively agreed not to add this issue to its agenda.
IFRIC reference: IAS 38