November 2022 IFRS Interpretations Committee Update
IFRIC Update is a summary of the decisions reached by the IFRS
Interpretations Committee (Committee) in its public meetings. Past Updates can be
found in the IFRIC Update archive.
The Committee met on 29 November 2022, and discussed:
Committee's tentative agenda decisions
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Definition of a Lease—Substitution Rights (IFRS 16 Leases)—Agenda Paper 2
Matters recommended for the IASB’s annual improvements
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Terminology update (IFRS 1 First-time Adoption of International Financial Reporting Standards)—Agenda Paper 3A
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’De facto agent’ assessment (IFRS 10 Consolidated Financial Statements)—Agenda Paper 3B
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Terminology update (IFRS 9 Financial Instruments)—Agenda Paper 3C
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Terminology update (IAS 7 Statement of Cash Flows)—Agenda Paper 3D
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Reference update (IFRS 7 Financial Instruments: Disclosures)—Agenda Paper 3E
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Implementation guidance (IFRS 7 Financial Instruments: Disclosures)—Agenda Paper 3F
Other matters
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Post-implementation Review of IFRS 15 Revenue from Contracts with Customers—Agenda Paper 4
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Work in Progress—Agenda Paper 5