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Deloitte comment letter on ED/2010/12 'Severe Hyperinflation'

Published on: 24 Nov 2010

Whilst we do not object to the proposed amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards, we would have preferred the Board not to take up this narrow issue that is relevant only for a particular jurisdiction at a time when the Board is under tremendous pressure to complete many of its major projects by June 2011.