Narrow-scope amendments to IFRIC 14 – International Accounting Standards Board
Date recorded:
At its meeting on February 21-24, 2022, the IASB noted that it has done research to help it decide whether to develop a more principle-based approach than is currently in IFRIC 14 for an entity to assess and measure its right to a refund of a surplus. The IASB reviewed the project’s prospects for progress and concluded that these prospects are limited. Therefore, the IASB decided to withdraw the project from its work plan.
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