Dr. Hanne Böckem
Partner, Audit, DPP
KPMG AG Wirtschaftsprüfungsgesellschaft
The IFRS Interpretations Committee (IFRS IC) published an addendum to the IFRIC Update March 2023 on 2 May 2023.
The addendum contains the agenda decision "Definition of a Lease-Substitution Rights (IFRS 16 Leases)", which was still pending for submission to the IASB and is now final.
The IASB discussed the agenda decision at its meeting in April 2023 and raised no objections. We reported on the agenda decision for submission to the IASB from March 2023 in Express Accounting News 08/2023.
The complete IFRIC Update Newsletter including the Addendum is available on the IASB website at this link.