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.

Review the IASB Update and podcast on the Board's Web site.

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