We comment on four IFRS Interpretations Committee tentative agenda decisions

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21 Aug 2017

We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions on IFRS 3, IAS 38, IAS 37, and IAS 28, as published in the June 2017 IFRIC Update.

More in­for­ma­tion about the issues is set out below:


Agenda decision supported?

More in­for­ma­tion

IFRS 3 Business Combination — Acquisition of a group of assets that does not constitute a business


IAS 38 Intangible Assets — Goods acquired for promotional activities

Yes, however, we do not believe with the assertion that transaction described is within the scope of IAS 38.

IAS 37 Provisions, Contingent Liabilities and Contingent Assets — Costs considered in assessing whether a contract is onerous


IAS 28 Investments in Associates and Joint Ventures — Acquisition of an associate or joint venture from an entity under common control

Yes, however, we believe issues arising from common control transactions should be addressed holistically.

Click to access all our comment letters to the IASB, IFRS Foun­da­tion, and IFRS In­ter­pre­ta­tions Committee.

Correction list for hyphenation

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