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Deloitte comment letter on ED 'Relationships with the State - Proposed amendments to IAS 24'

Published on: Mar 11, 2009

We agree that state-controlled entities may have difficulties in identifying all entities controlled, jointly controlled or significantly influenced by the same state. However, we are concerned that the proposed exemption as set out in the 2008 exposure draft is too broad. In addition, we have a number of concerns in relation to the revised definition of a related party.

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