IFRIC Agenda Decisions

The main activity of the IFRS Interpretations Committee (the Committee) is responding to questions about the application of IFRS Standards. The Committee response may include developing explanatory material or recommending that the International Accounting Standards Board (IASB) amend the existing IFRS Standards.

Agenda decisions – including any explanatory material within them – cannot add or change requirements in IFRS Standards. Instead, the explanatory material explains how the applicable principles and requirements in IFRS Standards apply to the transaction or fact pattern described in the agenda decision.

It is important to understand the status of decisions made by the Committee because they may impact how you go about preparing your financial statements in compliance with NZ IFRS. When preparing NZ IFRS compliant financial statements, consideration should be given to applicable explanatory material in agenda decisions.

For more information, refer to our IFRS Interpretations Committee webpage.

Find tentative IFRS Interpretations Committee agenda decisions relevant to IFRS 18 on our Tentative Agenda Decisions webpage.

These decisions are yet to be finalised, including tentative decisions that are still open for comment. You can access these tentative decisions by clicking on the name of the decision. This will take you to the relevant page on the IASB website, where you will also be able to submit your comment. 

We encourage you to have a look at the tentative agenda decisions and to share your views with us and with the IFRS Interpretations Committee.