We comment on consistent application of IFRSs in EU

  • Deloitte Comment Letter Image

07 Oct 2005

Deloitte Touche Tohmatsu has submitted our (PDF 441k).

While we have some reservations about certain detailed aspects of the discussion paper, we support the EFRAG in taking a pro-active role in addressing the issues arising in Europe as a result of the introduction of IFRSs. We do not support the establishment of a European interpretations group or European urgent issues group. However, we do support the establishment of a European IFRIC support mechanism along the lines proposed in EFRAG's discussion paper. We agree with EFRAG that such a mechanism could be of substantial assistance to IFRIC.

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