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Implementation matters

Date recorded:

IFRIC Update — June 2019 (Agenda Paper 12)

Back­ground

In this session the Board was invited to provide comments or ask questions on the decisions taken at the June 2019 Interpretations Committee meeting.

The Board did not make any decisions in this session.

Board discussion

One of the Board members said that she disagreed with the tentative agenda decision on IFRS 16 (Lease Term and Useful Life of Leasehold Improvements—click here for the tentative agenda decision on the IASB website). Her main concern was that the tentative agenda decision quotes paragraphs from the Basis for Conclusions on IFRS 16 that are unrelated to the issue. She said that an agenda decision should not add to the Standard, which this one does. The staff acknowledged her concerns and said that they would include her points in the comment letter analysis that will be presented to the Committee after the comment period for the tentative agenda decision has expired.

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