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Changes in decommissioning and similar liabilities

  • IFRIC (International Financial Reporting Interpretations Committee) (blue) Image

04 Dec 2003

The IASB has posted on its website the Comment Letters on IFRIC D2, Changes in Decommissioning, Restoration and Similar Liabilities.

The 50 comment letters overwhelmingly supported a prospective approach to accounting for such changes. At its meeting earlier this week, the IFRIC decided to switch from the retrospective proposed in D2 to a prospective approach.

Correction list for hyphenation

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