Deloitte comment letter on IFRS for SMEs Q&As
03 Feb, 2012
Deloitte's IFRS Global Office has submitted a letter of comment to the SME Implementation Group regarding Draft Q&A Section 11, Issue 1: Fallback to IFRS 9 Financial Instruments and Draft Q&A Section 30, Issue 1: Recycling of cumulative exchange differences on disposal of a subsidiary.
In the comment letter, we are concerned about the appropriateness of these draft Q&As for the following reasons:
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In addition, we are concerned about the due process applied to the Q&As and whether it is consistent with other IASB or IFRS Foundation activities.
Click for our Comment Letter on IFRS for SMEs Q&As. All of our past comment letters are here.