International Accounting Standards Board: Developments in IFRS

IFRS Interpretations Committee Chair and member of the International Accounting Standards Board Bruce Mackenzie joins Technical Staff Member Patrina Buchanan to discuss activities to support consistent application of IFRS Accounting Standards in the second quarter of 2022. Topics include Principal versus Agent: Software Reseller (01.22), Negative Low Emission Vehicle Credits (03.48), Cash Received via Electronic Transfer as Settlement for a Financial Asset (07.19), Transfer of Insurance Coverage under a Group of Annuity Contracts (11.33), SPAC: Classification of Public Shares as Financial Liabilities or Equity (13.51), Consolidation of a Non-hyperinflationary Subsidiary by a Hyperinflationary Parent (14.44), and Multi-currency Groups of Insurance Contracts (15.58).