IFRIC Update – September 13, 2022

Start date:

End date:

Location: London

On September 20, 2022, the IFRS Interpretations Committee released a summary of its September 13, 2022 meeting.

The following items were discussed:

Agenda decisions for the IASB's consideration

  • Multi-currency Groups of Insurance Contracts (IFRS 17 Insurance Contracts and IAS 21 The Effects of Changes in Foreign Exchange Rates)
  • Special Purpose Acquisition Companies (SPAC): Accounting for Warrants at Acquisition
  • Lessor Forgiveness of Lease Payments (IFRS 9 Financial Instruments and IFRS 16 Leases)

Other matters

  • Lack of Exchangeability (Amendments to IAS 21)
  • Matters Reported to the IASB
  • Work in Progress

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

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