This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Deloitte comment letter on ED/2011/2 'Improvements to IFRSs'

Published on: 04 Sep 2011

We are generally in agreement with the intentions of the proposed amendments, but are concerned that some amendments (in particular, those to IFRS 1 First-time Adoption of International Financial Reporting Standards) may have unintended consequences.

These unintended consequences arise principally from ambiguous drafting which, as noted in our comments on the exposure draft of the 2009 amendments (ED/2009/11), include inconsistencies between the Basis of Conclusions and the actual wording of the amendment.

Download