IFRIC Update – February 1, 2022

Start date:

End date:

Location: London

On February 10, 2022, the IFRS In­ter­pre­ta­tions Com­mit­tee re­leased a sum­mary of its February 1, 2022 meet­ing.

The fol­low­ing items were dis­cussed:

 Com­mit­tee's ten­ta­tive agenda de­ci­sions

  • Negative Low Emission Vehicle Credits (IAS 37, Provisions, Contingent Liabilities and Contingent Assets)

 Agenda de­ci­sions for the Board's con­sid­er­a­tion

  • TLTRO III Transactions (IFRS 9, Financial Instruments, and IAS 20, Accounting for Government Grants and Disclosure of Government Assistance)

 Other mat­ters

  • Profit Recognition for Annuity Contracts (IFRS 17, Insurance Contracts)
  • Work in Progress

Re­view the IFRIC Up­date and pod­cast on the In­ter­na­tional Ac­count­ing Stan­dards Board's Web site.

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