IASB June 2026 Update: Eight IFRIC Tentative Agenda Decisions on IFRS 18 and IFRS 10

The IFRS Interpretations Committee has released eight new tentative agenda decisions covering IFRS 18 and IFRS 10, all open for comment until 9 September 2026. For accounting firms and finance teams applying these standards, the window to shape the final positions is short and the stakes are real.

What the June 2026 IASB Meeting Covered

The IASB held its June 2026 meeting and has made the full update available alongside a new podcast episode. In that episode, IASB Chair Andreas Barckow and Vice-Chair Linda Mezon-Hutter walk through the meeting's key highlights. The Board's published update summarises both the main IASB session and the associated IFRIC activity from that period.

The IASB Podcast: Key Voices

Barckow and Mezon-Hutter cover the June meeting's discussion points directly in audio form. The podcast is available through the IFRS Foundation's own channels as well as Spotify and Apple Podcasts. Practitioners who prefer a quick briefing over reading the full update will find the episode a practical starting point, though the written IASB update and the IFRIC Update remain the authoritative records.

Eight Tentative Agenda Decisions: IFRS 18 and IFRS 10

The substantive output from this cycle is the IFRIC Update, which contains eight tentative agenda decisions. All eight relate to either IFRS 18 or IFRS 10.

Why Tentative Agenda Decisions Matter

A tentative agenda decision signals how the Interpretations Committee currently reads a standard. It is not yet final, which is precisely why the comment period exists. If the Committee's reading differs from how your firm or your clients have been applying the standard, now is the time to respond. Once confirmed, agenda decisions carry significant weight in practice and are referenced by auditors and preparers worldwide.

IFRS 18 in Focus

IFRS 18, the standard on presentation and disclosure in financial statements, replaced IAS 1 and introduced new requirements around the classification of income and expenses, including a mandatory subtotal for operating profit. Several of the new tentative decisions appear to address application questions that have emerged as entities begin preparing for IFRS 18's effective date. While the source material does not specify the exact questions covered, the fact that multiple decisions relate to IFRS 18 in a single cycle points to active preparatory work in the field.

IFRS 10 in the Mix

IFRS 10 governs consolidated financial statements, specifically the principles around control and the scope of consolidation. Tentative decisions under this standard typically clarify how the control model applies in edge cases. Again, the precise questions addressed are not detailed in the source, but firms with complex group structures or investment entity considerations should review the full IFRIC Update directly.

Comment Deadline: 9 September 2026

All eight tentative agenda decisions are open for public comment until 9 September 2026. Responses can be submitted through the IFRS Foundation's website. Accounting firms, auditors, and CFOs who have encountered application questions under either standard have a direct route to influence the final positions. The Committee considers all responses before confirming or amending a tentative decision.

How to Respond Effectively

Comment letters that carry weight tend to be specific: identify the precise paragraph or application question at issue, explain the practical consequence of the current tentative reading, and propose an alternative where relevant. Generic statements of concern rarely shift outcomes. Firms advising multiple clients across different sectors are well placed to aggregate real-world application evidence, which the Committee finds particularly useful.

Resources and Next Steps

The full IASB Update, the IFRIC Update, and the podcast episode are all available on the IFRS Foundation's website. For firms tracking the broader trajectory of IFRS development, it is also worth reviewing the IASB and ISSB work plan updates from the May 2026 cycle, which set the context for where the Board's priorities currently sit. Teams working through the IFRS 18 transition in particular should also consult earlier published material on IFRS crypto assets accounting standards, given the intersection of presentation requirements and digital asset disclosures for entities holding crypto on their balance sheets.

What is the IFRIC Update?

The IFRIC Update is a publication by the IFRS Interpretations Committee summarising its tentative and final agenda decisions from a given period. It is the primary record of how the Committee is reading specific application questions under IFRS standards.

What is the difference between a tentative and a final agenda decision?

A tentative agenda decision sets out the Committee's current view and is published for public comment. After the comment period closes, the Committee reviews responses and either confirms the decision as final or revises it. Only confirmed decisions carry the full weight of IFRIC guidance.

Do IFRIC agenda decisions have the force of a standard?

They do not amend standards, but they carry significant authority. Auditors and regulators treat confirmed agenda decisions as the authoritative interpretation of how a standard applies to a specific fact pattern. Departing from them requires disclosure and justification.

Who should submit a comment letter on the June 2026 tentative decisions?

Any preparer, auditor, or adviser who has encountered practical application questions under IFRS 18 or IFRS 10 that are addressed in the tentative decisions. Firms with digital asset holdings should pay particular attention to any IFRS 18 presentation decisions, given the evolving disclosure landscape for crypto assets.

Where can I find the full IFRIC Update for June 2026?

It is published directly on the IFRS Foundation's website at ifrs.org, under News and Events. The comment submission portal is also accessible from that page.

Source: IFRS Foundation