IFRS Interpretations Committee holds June 2023 meeting
Jun 12, 2023
On June 12, 2023, the IFRS Interpretations Committee (IFRIC) met on June 6-7, 2023. The IFRIC discussed two new items, one follow-up discussion on a previous matter and gave input on two IASB projects.
- New item: IFRS 9 Financial Instruments—Application of the “Own Use” Exemption
- New item: IAS 27 Separate Financial Statements—Merger between a Parent and Its Subsidiary in the Separate Financial Statements
- Follow-up discussion on previous matter: IAS 21 The Effects of Changes in Foreign Exchange Rates and IAS 29 Financial Reporting in Hyperinflationary Economies—Consolidation of a Non-hyperinflationary Subsidiary by a Hyperinflationary Parent
- Input on IASB project: Climate-related Risks in the Financial Statements
- Input on IASB project: Business Combinations under Common Control (BCUCCs)
Review the meeting highlights on the IFRS website.