IFRIC Issues
Date recorded:
The IFRIC Coordinator presented the results of the September IFRIC meeting (see our report on this meeting Elsewhere on www.IASPlus.com). With respect to the IFRIC's conclusions on the treatment share-based payments employees who transfer between entities in a consolidated group, a Board member noted that (while not objecting to the IFRIC's conclusions) the issue demonstrated that the IASB is schizophrenic with respect to the application of IFRSs in separate financial statements.