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Deloitte comment letter on amendments to IFRS 10

Published on: Mar 22, 2012

Deloitte's IFRS Global Office has submitted a letter of comment to the International Accounting Standards Board (IASB) on its Exposure Draft ED/2011/7 – Transition Guidance – Proposed amendments to IFRS 10.

In the comment letter, we express our agreement with most of the proposed amendments to IFRS 10 Consolidated Financial Statements, but also note that further guidance would be beneficial for certain aspects of the adjustments required by paragraphs C4 and C4A. We also recommend that the Board "take the opportunity provided by this consultation to reconsider the mandatory effective date of the package of standards, including IFRS 10, issued in 2011 as the transitional provisions of IFRS 10 will now be finalised only a matter of months before the date of initial application of these standards".


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