Deloitte comment letter on tentative agenda decision on IAS 39 — Accounting for embedded foreign currency derivatives in host contracts
We have commented on the IFRS Interpretations Committee tentative decision not to take onto the Committee’s agenda a request for guidance on whether an embedded foreign currency derivative in a licence agreement is closely related to the economic characteristics of the host contract.
We agree with the IFRS Interpretations Committee’s decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision.
Download the full comment letter below.