IFRIC Update March 2026

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 17-18 March 2026 and discussed:

Committee's tentative agenda decisions

Reassessment of Control (IFRS 10 Consolidated Financial Statements)—Agenda Paper 5

Agenda decisions for the IASB's consideration

Classification of a Foreign Exchange Difference from an Intragroup Monetary Liability (or Asset) (IFRS 18 Presentation and Disclosure in Financial Statements)—Agenda Paper 2
Economic Benefits from Use of a Battery under an Offtake Arrangement (IFRS 16 Leases)—Agenda Paper 3
Fair Presentation and Compliance with IFRS Accounting Standards (IAS 1 Presentation of Financial Statements)—Agenda Paper 4
Assessment of a Specified Main Business Activity for the Purposes of the Separate Financial Statements of a Parent (IFRS 18 Presentation and Disclosure in Financial Statements)—Agenda Paper 6
Scope of the Requirement to Disclose Expenses by Nature (IFRS 18 Presentation and Disclosure in Financial Statements)—Agenda Paper 7
Classification of Gains and Losses on a Derivative Managing a Foreign Currency Exposure (IFRS 18 Presentation and Disclosure in Financial Statements)—Agenda Paper 8
Presentation of Taxes or Other Charges that Are Not Tax Expense or Tax Income Applying IAS 12 Income Taxes (IFRS 18 Presentation and Disclosure in Financial Statements)—Agenda Paper 9A
Updates to Committee’s agenda decisions for IFRS 18 Presentation and Disclosure in Financial Statements—Agenda Paper 9B

Other matters

Control Assessment for a Single-investor Fund (IFRS 10)—Agenda Paper 10
Post-implementation Review of IFRS 9—Hedge Accounting—Agenda Paper 11
Work in Progress—Agenda Paper 11