Deloitte comment letter on tentative agenda decision on the definition of a lease and substitution rights

Published on: 07 Feb, 2023

We have commented on the IFRS Interpretations Committee's publication in the November 2022 IFRIC Update of the tentative agenda decision not to take onto the Committee’s agenda the request about how to assess whether a contract contains a lease.

While we agree with the decision as regards the first issue (the level at which to evaluate whether a contract contains a lease), we have concerns regarding the second issue (how to assess whether a contract contains a lease when the supplier has particular substitution rights).


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