We comment on a number of tentative agenda decisions of the IFRS Interpretations Committee

  • Deloitte Comment Letter Image

07 Apr, 2014

We have published our comment letters on IFRS Interpretations Committee agenda decisions on IAS 1, IAS 12, IAS 16, IAS 19, IAS 32, IAS 37, IFRS 3 and IFRS 11, as published in the January IFRIC Update.

More information about the issues is set out below:

IssueMore information
IAS 1 Presentation of Financial Statements — Issues relating to the application of IAS 1
IAS 12 Income Taxes — Recognition and measurement of deferred tax assets when an entity is loss-making
IAS 12 Income Taxes — Impact of an internal reorganisation on deferred tax amounts related to goodwill
IAS 12 Income Taxes — Threshold of recognition of an asset in the situation in which the tax position is uncertain
IAS 16 Property, Plant and Equipment — Disclosure of carrying amounts under the cost model
IAS 19 Employee Benefits — Employee benefit plans with a guaranteed return on contributions or notional contributions
IAS 32 Financial Instruments: Presentation — Accounting for a financial instrument mandatorily convertible into a variable number of shares subject to a cap and a floor
IAS 37 Provisions, Contingent Liabilities and Contingent Assets — Measurement of liabilities arising from emission trading schemes
IFRS 3 Business Combinations — Identification of the acquirer in accordance with IFRS 3 and the parent in accordance with IFRS 10 in a stapling arrangement
IFRS 11 Joint Arrangements — Classification of joint arrangements


You can access all our comment letters to the IASB, IFRS Foundation, and IFRS Interpretations Committee here.

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