Deloitte comment letter on ED 'Proposed Improvements to IFRSs 2008'
We welcome the IASB’s continuing process to deal with certain amendments to IFRSs in an efficient and effective manner. We note that the IASB has responded to concerns raised by constituents about the quantity and content of the proposed amendments and that the exposure draft has been published earlier in the year. Furthermore, we acknowledge the decreased number of proposals which are also less contentious than the proposals in the October 2007 exposure draft. However, we highlight three significant issues.