Deloitte comment letter on IFRIC D11

  • Deloitte Comment Letter Image

02 Mar 2005

We have posted the Deloitte (PDF 114k) to the International Financial Reporting Interpretations Committee on IFRIC D11 Changes in Contributions to Employee Share Purchase Plans (ESPPs). .

We have posted the Deloitte (PDF 114k) to the International Financial Reporting Interpretations Committee on IFRIC D11 Changes in Contributions to Employee Share Purchase Plans (ESPPs).

Our letter acknowledges that the definition of 'vesting condition' in IFRS 2 paragraph BC 7 might lead to the answer proposed in D11. However, Deloitte's view is that "a more faithful representation of the employee's decision to cease contributing to the scheme is to recognise an expense for the share-based payment component up until the date that the employee decides to withdraw their cash deposit. However, this accounting treatment is not supported by the current version of IFRS 2."

All of Deloitte's comment letters to IASC, SIC, IASB, and IFRIC are Here.

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