Deloitte comment letter on IASB Request for Information "Post-implementation Review: IFRS 3 Business Combinations"

Published on: May 30, 2014

Deloitte responded to the International Accounting Standards Board’s Post-implementation Review: IFRS 3 Business Combinations.

We continue to support the post-implementation review programme as a valuable addition to the Board’s due process and to the aim of ensuring consistent, high quality financial reporting that provides valuable information to investors. We believe that the review of IFRS 3 merits particularly careful consideration as this is a standard that frequently presents conceptual and practical issues in preparing and auditing financial statements and addresses highly significant transactions that might frequently be an area of focus for users. We encourage the Board to, as far as possible, address these issues as part of the post-implementation review.


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