June 2023

IFRIC Update June 2023

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 6-7 June 2023, and discussed:

Committee's tentative agenda decisions

Merger between a Parent and Its Subsidiary in Separate Financial Statements (IAS 27 Separate Financial Statements)—Agenda Paper 3

Other matters

Application of the "Own Use" Exception in the Light of Current Market and Geopolitical Questions (IFRS 9 Financial Instruments)—Agenda Paper 2
Climate-related Risks in the Financial Statements—Agenda Paper 4
Consolidation of a Non-hyperinflationary Subsidiary by a Hyperinflationary Parent (IAS 21 The Effects of Changes in Foreign Exchange Rates and IAS 29 Financial Reporting in Hyperinflationary Economies)—Agenda Paper 5
Business Combinations under Common Control—Agenda Paper 6
Work in Progress—Agenda Paper 7

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