Deloitte comment letter on tentative agenda decision on IAS 39 — Fees and costs included in the '10 per cent' test for the purposes of derecognition

Published on: 22 Jul, 2016

We have commented on the IFRS In­ter­pre­ta­tions Committee's pub­li­ca­tion in the May IFRIC Update of the tentative decision not to take onto the Committee's agenda the issue of which fees and costs should be included in the ‘10 per cent’ test for the purposes of derecognition of a financial liability.

We do agree with the IFRS In­ter­pre­ta­tions Committee's decision not to add this item onto its agenda, however, we believe a more significant clarification of the standard is warranted as well as, since there is currently significant diversity, explicit transition provisions.

Download the full comment letter below.


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