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We comment on two IFRS Interpretations Committee tentative agenda decisions

  • Deloitte document (mid gray) Image

14 Apr 2021

We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions related to IAS 2 and IAS 10, as published in the February 2021 IFRIC Update.

More in­for­ma­tion about the issues is set out below:

Issue

Agenda decision supported?

More in­for­ma­tion

IAS 2 — Costs Necessary to Sell Inventories

We do not agree with the IFRS Interpretations Committee’s decision not to add this item onto its agenda as we do not agree with the conclusion that has been reached in the agenda decision, both on technical and practical grounds.

o    Deloitte comment letter

o    Committee dis­cus­sion

IAS 10 — Preparation of Financial Statements when an Entity is No Longer a Going Concern  

Yes

o    Deloitte comment letter

o    Committee dis­cus­sion

Click to access all our comment letters to the IASB, IFRS Foun­da­tion, and IFRS In­ter­pre­ta­tions Committee.

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