We comment on four IFRS Interpretations Committee tentative agenda decisions
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:
Issue |
Agenda decision supported? |
More information |
---|---|---|
IFRS 3 Business Combination — Acquisition of a group of assets that does not constitute a business |
Yes. |
|
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 |
Yes. |
|
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.