Deloitte comment letter on service concessions
07 May 2005
We have submitted our comment letter on IFRIC's suite of three Draft Interpretations on Service Concession Arrangements.
With the benefit of hindsight, we believe that if this project were started from the beginning, it might be better suited to a Board project to develop an accounting standard. However, given the advanced stage of the project and the desperate need in the market place for these interpretations we believe the IFRIC should complete this project with all due haste.... We do have a number of pervasive concerns, which we believe are fundamental flaws in the accounting models proposed by the IFRIC. |