January 2015 IFRS Interpretations Committee meeting notes — Part 1
29 Jan 2015
The IFRS Interpretations Committee met in London on 27 January 2015. We've posted the Deloitte observer notes for the sessions on IAS 12, IAS 24, IAS 40, IAS 39, IFRS 12, IFRS 13, works in progress, and a review of 2014 activities.
The topics discussed were as follows (click through to access detailed Deloitte observer notes for each topic):
TUESDAY, 27 JANUARY 2015
Items for continuing consideration
- IAS 12 — How should current tax assets and liabilities be measured when tax positions are uncertain?
Finalisation of tentative agenda decisions
- IAS 39 — Income and expenses on FI with a negative interest rate: How should this be presented in the statement of comprehensive income?
- IFRS 12 — Request for clarification of what disclosures are required, and basis of preparation, for (a) subsidiary with a material non-controlling interest and (b) a material joint venture or associate
- IFRS 13 — The fair value hierarchy: What level in the hierarchy applies when using consensus prices provided by third parties?
New issues
- IAS 24 — Definition of close members of the family of a person
- IAS 40 — Can a property under construction be transferred from inventory to investment property, when there is an evident change in use?
Administrative session
You can also access the preliminary and unofficial notes taken by Deloitte observers for the entire meeting.