Pre-meeting summaries for the April 2022 IFRS Interpretations Committee meeting

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11 Apr 2022

The IFRS Interpretations Committee (Committee) meets on 20 April 2022. The Committee will discuss the comment letters received on a tentative agenda decision.

Comment letters on tentative agenda decision

IFRS 15 Revenue from Contracts with Customers—Principal versus Agent: Software Reseller: In its November 2021 meeting, the Committee issued a tentative agenda decision on whether a reseller of software licences is a principal or agent in respect of the standard software licences provided to the customer. Most respondents agreed with the Committee's analysis and conclusions but provided comments on various aspects of the tentative agenda decision. The staff recommend finalising the agenda decision with some changes to the drafting.

Administrative matters

Work in progress: The following new matters have not yet been presented to the Committee:

  • Consolidation of a non-hyperinflationary subsidiary by a hyperinflationary parent (IAS 29 & IAS 21)
  • Group of insurance contracts that generate cash flows in a foreign currency (IFRS 17 & IAS 21)

The full agenda for the meeting and our com­pre­hen­sive pre-meet­ing summaries can be found here.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.