We comment on proposed IFRIC 9 amendment
23 Jan 2009
Deloitte has submitted a Letter of Comment on the IASB's exposure draft of Embedded Derivatives – Proposed amendments to IFRIC 9 and IAS 39.
We are supportive of the proposed amendments.
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We believe however, that the interaction between the amended IAS 39.12 and the retained IAS 39.13 should be clarified. Specifically, it should be clearer whether an entity may reclassify a financial asset even though it cannot reliably measure the embedded derivative but can reliably measure the entire financial instrument and the financial host contract. |
Click for: Letter of Comment (PDF 117k)
All of our past letters of comment are Here.
