IFRS Interpretations Committee –Tentative Agenda Decision: Updates to Committee’s Agenda Decisions for IFRS 18

In 2024 the IFRS Interpretations Committee (the Committee) initiated discussions to decide the approach to update 41 of the Committee’s agenda decisions referencing IAS 1 Presentation of Financial Statements, following the issuance of IFRS 18 Presentation and Disclosure of Financial Statements and the withdrawal of IAS 1.

The Committee decided the approach to update 31 of those agenda decisions at its September and November 2024 meeting (reported to the UKEB at its November 2024 meeting), and at the IASB’s April 2025 meeting (reported to the UKEB at its May 2025 meeting). As part of these discussions, it was decided that two agenda decisions would be withdrawn, and the rest would be updated but not subject to public consultation.

The Committee discussed the approach to update the remaining ten agenda decisions at its meeting in June 2025 (reported to the UKEB at its June 2025 meeting). A further update was provided to the UKEB in July 2025. These agenda decisions focus on fact patterns that relate to other IFRS Accounting Standards and include references to IAS 1 that have not been brought forward unchanged and are comprised of:

1. Nine agenda decisions that refer to the general requirements about presentation, materiality and aggregation of information in the financial statements. The Committee proposed replacing the references to IAS 1 with references to the new or amended requirements in IFRS 18.
2. The agenda decision Supply Chain Financing Arrangements—Reverse Factoring. The Committee proposed explaining how an entity applies the requirements in IFRS 18 to the fact pattern addressed by this agenda decision.