Global Standards for the world economy

Wednesday 24 February 2021

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November IFRIC Update published

 23 November 2016

IFRIC Update - September 2015

The November 2016 IFRS Interpretations Committee Update (IFRIC Update) has been published.

View this IFRIC Update and previous Updates.

  • Items on the current agenda
    • IAS 12 Income Taxes—Uncertainty over Income Tax Treatments—due process steps (Agenda Paper 4)
    • IFRS 9 Financial Instruments—Modification or exchange of financial liabilities that do not result in derecognition (Agenda Paper 6)
  • Item recommended to the Board for Annual Improvements
    • IFRS 9 Financial Instruments and IAS 39 Financial Instruments: Recognition and Measurement—Fees and costs included in the ‘10 per cent’ test for the purpose of derecognition (Agenda Paper 2)
  • Interpretations Committee’s tentative agenda decisions
    • IFRS 10 Consolidated Financial Statements—Investment entities and subsidiaries (Agenda Paper 5)
    • Commodity loans (Agenda Paper 10)
    • IAS 28 Investments in Associates and Joint Ventures—Fund manager’s assessment of significant influence (Agenda Paper 11)
  • Interpretations Committee’s agenda decisions
    • IAS 12 Income Taxes—Expected manner of recovery of intangible assets with indefinite useful lives (Agenda Paper 3)
    • IAS 32 Financial Instruments: Presentation—Written put options over non-controlling interests to be settled by a variable number of the parent’s shares (Agenda Paper 9)
  • Items relating to requirements in recently-issued Standards
    • IFRS 9 Financial Instruments—Effect of symmetric ‘make whole’ and fair value prepayment options on the assessment of the ‘solely payments of principal and interest’ (SPPI) condition (Agenda Paper 7)
    • IFRS 5 Non-current Assets Held for Sale and IFRS 9 Financial Instruments—Application of IFRS 9 to transactions of a subsidiary when the subsidiary is held for sale (Agenda Paper 8)
  • Other matters
    • Post-implementation Review—IFRS 13 Fair Value Measurement (Agenda Paper 12)
    • Interpretations Committee work in progress update (Agenda Paper 13)