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We comment on a number of tentative agenda decisions of the IFRS Interpretations Committee

  • Deloitte Comment Letter Image

Jul 31, 2013

We have published our comment letters on IFRS Interpretations Committee agenda decisions on IFRS 5, IFRS 10 and IAS 32, as published in the May IFRIC Update. In each case, we agree with the Committee's decision not to add the issue to their agenda, but in some cases have suggestions for improvement on how the agenda decision could be worded.

More information about the issues is set out below:

IssueMore information
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations — Classification in conjunction with a planned IPO, but where the prospectus has not been approved by the securities regulator
IFRS 10 Consolidated Financial Statements — Effect of protective rights on an assessment of control
IAS 32 Financial Instruments: Presentation — Classification of financial instruments that give the issuer the contractual right to choose the form of settlement

You can access all our comment letters to the International Accounting Standards Board, IFRS Foundation, and IFRS Interpretations Committee here.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.