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Deloitte comment letter on Tentative Agenda Decision - IFRS 5 - Classification in conjunction with a planned IPO, but where the prospectus has not been approved by the securities regulator

Published on: Jul 28, 2013

We have commented on the IFRS Interpretations Committee tentative decision not to add to its agenda a request for clarification of the classification of a noncurrent asset (or disposal group) as held for sale before regulatory approval of the prospectus for a planned disposal by means of an initial public offering (IPO).

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 suggest that the agenda decision could also refer to the guidance in paragraph 7 of IFRS 5 Non-current Assets Held for Sale and Discontinued Operations.

Download the full comment letter below.


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