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.