IFRS Interpretations Committee holds April 2022 meeting

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21 Apr 2022

The IFRS Interpretations Committee (Committee) met on 20 April 2022. The Committee discussed 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. All Committee members agreed with the staff recommendation to finalise the agenda decision with some edits.

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)

More In­for­ma­tion

Please click to access the detailed notes taken by Deloitte observers.

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