Advisory

Title Description
We comment on FRED 84 — Draft amendments to FRS 102 'Supplier finance arrangements' We have published our comment letter on Financial Reporting Exposure Draft (FRED) 84 'Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland 'Supplier finance arrangements'.
We comment on FRED 85 — Draft amendments to FRS 101 Reduced Disclosure Framework 2023/24 cycle We have published our comment letter on Financial Reporting Exposure Draft (FRED) 85 'Draft amendments to FRS 101 Reduced Disclosure Framework 2023/24 cycle'.
We comment on FRED 67— 'Draft amendments to FRS 102 - Triennial review - Incremental improvements and clarifications' We have published our comment letter on the Financial Reporting Council’s (FRC’s) Financial Reporting Exposure Draft (FRED) 67 ‘Draft amendments to FRS 102 - Triennial review - Incremental improvements and clarifications'.
We comment on FREDs 58 - 60 We have published our comment letter on the Financial Reporting Council’s (FRC’s) Financial Reporting Exposure Drafts (FREDs) 58 ‘Draft FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime’, FRED 59 ‘Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland – Small entities and other minor amendments’ and FRED 60 ‘Draft amendments to FRS 100 Application of Financial Reporting Requirements and FRS 101 Reduced Disclosure Framework’.
We comment on HM Treasury consultation on distributable profits of long-term (life) insurers We have published our comment letter on HM Treasury's consultation seeking views on technical changes to the legal definition of life insurers’ distributable profits.
We comment on HM Treasury draft Regulations and draft guidance on CRD IV country-by-country reporting. We have published our comment letter on HM Treasury draft Regulations and draft guidance on CRD IV country-by-country reporting (CBCR). In our view there are a number of areas which still require additional consideration.
We comment on IFRS Interpretation Committee tentative agenda decision on supply chain financing arrangements — reverse factoring We have published our comment letter on the IFRS Interpretations Committee tentative decision not to take onto the Committee’s agenda the request for clarification on how to present liabilities to which reverse factoring arrangements relate and what information is required to be disclosed in relation to these arrangements in the financial statements.
We comment on IOSCO's non-GAAP financial measures proposals Deloitte Touche Tohmatsu Limited has responded to the International Organization of Securities Commissions' Consultation 'Proposed Statement on Non-GAAP Financial Measures'. We support addressing the issue of non-GAAP financial measures at a global level as it is pervasive, and believe it is in the best interests of global securities markets if the proposed statement applied consistently in all IOSCO jurisdictions and is not overlaid with local guidance.
We comment on IVSC credit and debit valuation ED We have published our comment letter on the International Valuation Standards Council’s (IVSC) Exposure Draft (ED) ‘Credit and Debit Valuation Adjustments’.
We comment on IVSC's Agenda Consultation Deloitte Touche Tohmatsu Limited has responded to the International Valuation Standards Council’s (IVSC) Agenda Consultation.
We comment on new draft SORP for registered social housing providers We have published our comment letter on the National Housing Federation’s (NHF’s) Exposure Draft (ED) on a revised Housing Statement of Recommended Practice (SORP) setting out revised proposals for accounting for registered social housing providers in the UK (“the Housing SORP”). We are generally supportive of the proposals in the Housing SORP but have highlighted a number of areas that need to be addressed before a final SORP can be published.
We comment on new draft SORP for Further and Higher Education. We have published our comment letter on the Further and Higher Education SORP Board’s Exposure Draft (ED) on a revised Statement of Recommended Practice (SORP) setting out proposals for accounting for Further and Higher Education institutions in the UK (“the Further and Higher Education SORP”). We support the proposed revisions contained within the draft Further and Higher Education SORP but also highlight a number of ways in which it can be improved.
We comment on new draft SORP for UK Authorised Funds We have published our comment letter on the revised Statement of Recommended Practice (SORP) for UK Authorised Funds ("the IMA SORP”) issued by the Investment Management Association (IMA). We support the proposed revisions to the IMA SORP, commenting that these are “broadly consistent with changes in the regulatory and accounting framework” but also highlight cases where there are deviations from the requirements of Financial Reporting Standards 100 – 103 for consideration by the IMA.
We comment on new draft SORP for charity accounting and reporting. We have published our comment letter on the Charity Commission for England and Wales and the Office of the Scottish Charity Regulator Exposure Draft on a new Statement of Recommended Practice for charity accounting and reporting (“the Charity SORP”). We support the proposed revisions contained within the Charity SORP but also highlight a number of ways in which it can be improved.
We comment on new draft SORP for Limited Liability Partnerships We have published our comment letter on the Consultative Committee of Accountancy Bodies’s (CCAB’s) Exposure Draft of a revised Limited Liability Partnerships (LLPs) Statement of Recommended Practice (SORP).
We comment on on FRED 74 'Draft amendments to FRS 102 - Interest rate benchmark reform (phase 2) We have published our comment letter on the Financial Reporting Council’s (FRC’s) Financial Reporting Exposure Draft (FRED) 74 'Draft amendments to FRS 102 - Interest rate benchmark reform (phase 2)'.
We comment on on FRED 76 'Draft amendments to FRS 102 and FRS 105 – COVID-19-related rent concessions' We have published our comment letter on the Financial Reporting Council’s (FRC’s) Financial Reporting Exposure Draft (FRED) 76 'Draft amendments to FRS 102 and FRS 105 – COVID-19-related rent concessions'.
We comment on proposals to amend the Due Process Handbook Deloitte has submitted a comment letter on the IFRS Foundation Trustees' Invitation to Comment, The Annual Improvements Process: Proposals to amend the Due Process Handbook for the IASB.
We comment on proposed amendments to IFRS 3 and IFRS 11 We have responded to the IASB's Exposure Draft, "Definition of a Business and Accounting for Previously Held Interests (Proposed amendments to IFRS 3 and IFRS 11)," issued by the IASB in June 2016.
We comment on proposed revisions to the UK Corporate Governance Code We have published our comment letter on the FRC's consultation on changes to the UK Corporate Governance Code. Overall, we support the proposed revisions to the UK Corporate Governance Code (“the Code”). Given the importance of implementing the Sharman principles without further delay, we have aimed to provide practical and specific comments on the proposals.

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