March 2023 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 14-15 March 2023, and discussed:
Committee's tentative agenda decisions
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Guarantee over a Derivative Contract (IFRS 9 Financial Instruments)—Agenda Paper 3
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Premiums Receivable from an Intermediary (IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments)—Agenda Paper 4
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Homes and Home Loans Provided to Employees—Agenda Paper 5
Agenda decisions for the IASB's consideration
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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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Lessee accounting for lease payments forgiven (IFRS 9 Financial Instruments and IFRS 16 Leases)—Agenda Paper 6A
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Disclosure of deferred difference between fair value and transaction price—Guidance on implementing IFRS 7 Financial Instruments: Disclosures—Agenda Paper 6B
Other matters
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Business Combinations—Disclosures, Goodwill and Impairment—Agenda Paper 7
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Work in Progress—Agenda Paper 8
Addendum to IFRIC Update—Committee’s agenda decisions
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Definition of a Lease—Substitution Rights (IFRS 16 Leases)—Agenda Paper 2