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We comment on the proposed amendments to IAS 1

  • Deloitte comment letter on IASB ED/2015/1 'Classification of Liabilities'  Image

10 Jun 2015

We have published our comment letter on the International Accounting Standards Board's (IASB) Exposure Draft ED/2015/1 'Classification of Liabilities'.

The proposed amendments aim at a more general approach to the classification of liabilities under IAS 1 based on the contractual arrangements in place at the reporting date. In our comment letter, we welcome the Board's initiative in addressing an area of accounting that often presents issues in practice. However, we believe that the amendments only address a limited number of issues that arise in this context. Therefore, we believe that the Board should consider this issue more fully as part of the Disclosure initiative.

Click to access the full comment letter.

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