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Deloitte comment letter on Tentative Agenda Decision - IFRS 10 - Effect of protective rights on an assessment of control

Published on: Jul 28, 2013

We have commented on the IFRS Interpretations Committee tentative decision not to add to the Committee’s agenda a request for clarification on whether a control assessment should be reassessed when facts and circumstances change such that rights previously determined to be protective change (for example, upon the breach of a covenant in a borrowing arrangement that causes the borrower to be in default).

We agree with the IFRS Interpretations Committee’s decision not to add this item to its agenda for the reasons set out in the tentative agenda decision, but we make a number of points of detail.

Download the full comment letter below.

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