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IFRS Accounting Standards are developed by the International Accounting Standards Board (IASB). The IASB is an independent standard-setting body within the IFRS Foundation.

IFRS Accounting Standards are, in effect, a global accounting language—companies in more than 140 jurisdictions are required to use them when reporting on their financial health. The IASB is supported by technical staff and a range of advisory bodies.
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IFRS Sustainability Disclosure Standards are developed by the International Sustainability Standards Board (ISSB). The ISSB is an independent standard-setting body within the IFRS Foundation.

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March 2021 IFRIC Update available

24 March 2021

March 2021 IFRIC Update available

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The March 2021 IFRIC Update is now available.

The IFRS Interpretations Committee met on 16 March 2021 and discussed:

Committee’s tentative agenda decisions

Non-refundable Value Added Tax on Lease Payments (IFRS 16 Leases)
Accounting for Warrants that are Classified as Financial Liabilities on Initial Recognition (IAS 32 Financial Instruments: Presentation)

Committee’s agenda decisions

Configuration or Customisation Costs in a Cloud Computing Arrangement (IAS 38 Intangible Assets)

IFRS Interpretations Committee
Previous IFRIC Updates

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Committee’s tentative agenda decisions

Committee’s agenda decisions

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