IFRIC Update – March 15-16, 2022

Start date:

End date:

Location: London

On March 23, 2022, the IFRS In­ter­pre­ta­tions Com­mit­tee re­leased a sum­mary of its March 15-16, 2022 meet­ing.

The fol­low­ing items were dis­cussed:

Com­mit­tee's ten­ta­tive agenda de­ci­sions

  • Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17 Insurance Contracts)
  • Lessor Forgiveness of Lease Payments (IFRS 9 Financial Instruments and IFRS 16 Leases)
  • Special Purpose Acquisition Companies (SPAC): Classification of Public Shares as Financial Liabilities or Equity (IAS 32 Financial Instruments: Presentation)
  • Special Purpose Acquisition Companies (SPAC): Accounting for Warrants at Acquisition

 Agenda de­ci­sions for the Board's con­sid­er­a­tion

  • Demand Deposits with Restrictions on Use arising from a Contract with a Third Party (IAS 7 Statement of Cash Flows)

 Other mat­ters

  • Forgiveness of Lease Payments—Lessees (IFRS 9 Financial Instruments and IFRS 16 Leases)
  • Work in Progress

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

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