IFRS Interpretations Committee (IFRIC)

Website: www.iasb.org

The IFRS Interpretations Committee is the interpretative body of the International Accounting Standards Board (IASB).

Recent Developments – Past 90 days


IFRS Interpretations Committee work in progress

The IFRS Interpretations Committee meets every 2 months in London UK. See below for meeting materials.

March 2013 Meeting

January 2013 Meeting

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Newsletter – IFRIC Update

IFRIC Update — March 2013

This edition of IFRIC Update provides a summary of the IFRS Interpretations Committee's March 12-13 meeting. The meeting included discussion of the following current agenda items:

  • IAS 16 Property, Plant and Equipment, IAS 38 Intangible Assets and IFRIC 12 Service Concession Arrangements—Variable payments for the separate acquisition of property, plant and equipment (PPE) and intangible assets;
  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets—Interpretation on Levies;
Also covered were agenda decisions and tentative decisions, issues considered for annual improvements, issues recommended for a narrow-scope amendment; and discussion of other work in progress.

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Response letters

PwC Comments on Tentative agenda decision: IAS 10 Events after the reporting period—Reissuing previously issued financial statements
PwC – 03/19/2013
Following consultation with members of the PwC network of firms, this response letter summarizes the views of member firms who commented on the tentative agenda decision, published in the January 2013 edition of IFRIC Update.

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