Pre-meeting summaries for the April 2022 IFRS Interpretations Committee meeting
11 Apr, 2022
The IFRS Interpretations Committee (Committee) meets on 20 April 2022. The Committee will discuss the comment letters received on a tentative agenda decision.
Comment letters on tentative agenda decision
IFRS 15 Revenue from Contracts with Customers—Principal versus Agent: Software Reseller: In its November 2021 meeting, the Committee issued a tentative agenda decision on whether a reseller of software licences is a principal or agent in respect of the standard software licences provided to the customer. Most respondents agreed with the Committee's analysis and conclusions but provided comments on various aspects of the tentative agenda decision. The staff recommend finalising the agenda decision with some changes to the drafting.
Administrative matters
Work in progress: The following new matters have not yet been presented to the Committee:
- Consolidation of a non-hyperinflationary subsidiary by a hyperinflationary parent (IAS 29 & IAS 21)
- Group of insurance contracts that generate cash flows in a foreign currency (IFRS 17 & IAS 21)
The full agenda for the meeting and our comprehensive pre-meeting summaries can be found here.