IFRIC Work in Progress

The IFRIC Co-ordinator updated the IFRIC on the current working plan of the IFRIC. The IFRIC Co-ordinator noted that the staff plans to prepare a paper on 'accounting for trailing commissions' for consideration as an agenda item and that several other requests were received recently.

Main topics of the July IFRIC meeting will be the comment letter analyses of D23 Distributions of Non-cash Assets to Owners and D24 Customer Contributions, the redeliberation of amendments to IFRS 2 and IFRIC 11 and the discussion of several tentative agenda decisions.

The IFRIC Co-ordinator also noted that a separate session on preliminary discussion of potential new agenda items may be required.