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Deloitte comment letters on two IFRS Interpretations Committee tentative agenda decisions

  • Deloitte Comment Letter Image

Jan 22, 2013

Deloitte's IFRS Global Office has submitted letters of comment responding to two IFRS Interpretation Committee tentative decisions published in the November 2012 'IFRIC Update'.

The first comment letter agrees with the decision not to take onto the IFRIC’s agenda a request for clarification of the accounting for transactions in which the former shareholders of a non-listed operating entity become the majority shareholders of the combined entity by exchanging their shares for new shares of a listed non-operating entity which does not constitute a business. More information and the full Deloitte comment letter can be found here.

The second comment letter agrees with the decision not to take onto the IFRIC’s agenda a request for clarification of the application of the residual method of valuation to biological assets that are physically attached to land. More information and the full Deloitte comment letter can be found here.

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