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Deloitte comment letter on IFRIC D7

  • Deloitte Comment Letter Image

01 Sep 2004

We have submitted our letter of comment on IFRIC Draft Amendment D7 to the Scope of Interpretation SIC 12 Consolidation—Special Purpose Entities.

Click to (PDF 53k). Deloitte's overall view:

We support the removal of 'equity compensation plans' from the scope exemption in SIC 12 and encourage the IFRIC to continue its project on providing guidance to determine whether these plans should or should not be consolidated. However, we question whether the additional change – unrelated to equity compensation plans – that eliminates defined contribution plans accounted for under IAS 19 from the exemption is appropriate at this time.

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