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Pre-meeting summaries for the April 2018 IFRS Interpretations Committee meeting

  • IFRS IC meeting (blue) Image

04 May 2018

The IFRS Interpretations Committee will meet via Video Conference Call on Wednesday 9 May 2018. The Committee will discuss two issues, including one new interpretation request. The meeting starts at 12 noon London time and the meeting is scheduled to last just under two hours.

The accounting when an entity makes a voluntary payment to a tax authority in relation to a disputed amount was discussed initially in March. The staff are recommending that the Committee not take the matter onto its agenda. The paper also includes a discussion on how the staff thinks the IAS 8 hierarchy should be applied when there is conflict between a definition in the new Conceptual Framework and a definition in IFRS Standards.

The new issue relates to the Venezuelan Bolivar and its lack of exchangeability. This is a preliminary discussion on how, or whether, the Committee should respond.

The staff will also discuss work in progress.

The full agenda for the meeting and our pre-meeting summaries can be found here. We will update this page for any changes to the agenda and our Deloitte observer notes from the meeting as they become available.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.