BDO updates IFRS FAQs for three IFRIC Agenda Decisions

In its July 2022 meeting, the IASB discussed and did not object to the following Agenda Decisions finalised by IFRIC in its June 2022 meeting:

• Negative Low Emission Vehicle Credits (IAS 37 Provisions, Contingent Liabilities and Contingent Assets)
• Special Purpose Acquisition Companies (SPAC): Classification of Public Shares as Financial Liabilities or Equity (IAS 32 Financial Instruments: Presentation)
• Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17 Insurance Contracts)

The final agenda decisions are now published in an addendum to the June 2022 IFRIC Update.

BDO has updated its IFRS FAQs for the above agenda decision.

BDO’s IFRS FAQs may be accessed here.