IFRIC Update – November 29, 2022
Start date:
End date:
Location: London
On December 7, 2022, the IFRS Interpretations Committee released a summary of its November 29, 2022 meeting.
The following items were discussed:
Committee's tentative agenda decisions
- Definition of a Lease—Substitution Rights (IFRS 16 Leases)
Matters recommended for the IASB’s annual improvements
- Terminology update (IFRS 1 First-time Adoption of International Financial Reporting Standards)
- ’De facto agent’ assessment (IFRS 10 Consolidated Financial Statements)
- Terminology update (IFRS 9 Financial Instruments)
- Terminology update (IAS 7 Statement of Cash Flows)
- Reference update (IFRS 7 Financial Instruments: Disclosures)
- Implementation guidance (IFRS 7 Financial Instruments: Disclosures)
Other matters
- Post-implementation Review of IFRS 15 Revenue from Contracts with Customers
- Work in Progress
Review the IFRIC Update and podcast on the International Accounting Standards Board's Web site.