Two Tentative Agenda Decision(s) issued by the IASB for comments

The International Accounting Standards Board (IASB) and the IFRS Interpretations Committee (IFRS IC) carry out a number of activities to support the understanding and consistent application of IFRS Accounting Standards. From time to time, IFRS IC issues Agenda Decisions to explain how the applicable principles and requirements in IFRS Standards apply to a transaction or fact pattern. For this purpose, it first issues a tentative agenda decision seeking public comments from across the globe.

The Accounting Standards Board (ASB) of ICAI with the aim to provide an opportunity to the various stakeholders in India to raise their concerns  and participate in International Standard-setting and implementation related activities, invites comments on the consultative documents issued by the IASB and IFRS IC.

Recently, the IFRS IC has issued the following tentative agenda decisions for public comments:

• Guarantees Issued on Obligations of Other Entities - The downloadable version is available at https://www.icai.org/post/asb-tad-oct24a
• Recognition of Revenue from Tuition Fees (IFRS 15) - The downloadable version is available at https://www.icai.org/post/asb-tad-oct24b

The above-mentioned tentative agenda decisions issued by the IFRS IC, have been hosted on the website of the Institute of Chartered Accountants of India (www.icai.org) for public comments with last date as October 31, 2024.

Comments on the abovementioned TADs may be submitted through any of the following modes:  

You are also requested to give the aforesaid TADs the widest possible publicity in your area. Further clarifications on these TADs may be sought by e-mail to asb@icai.in.