IFRS Interpretations Committee holds June 2023 meeting

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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.

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