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Deloitte LLP Response to ED on Restructuring

Published on: Dec 01, 2014

Deloitte responded to the Public Sector Accounting Board’s Exposure Draft on Restructuring.

We generally agree with the direction of the Exposure Draft and the improvements to financial reporting that this standard will produce. We believe further clarification could be provided in order to assist users of the standard to distinguish restructuring transactions from government transfers. We would also encourage the development of more robust transitional provisions and further consideration of restructuring transactions for entities under common control.


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