Deloitte views on IFRIC D18
02 Apr 2006
We have posted the Deloitte Interim Financial Reporting and Impairment (PDF 99k).
The draft Interpretation addresses a conflict between IAS 34 and the impairment reversal provisions of IAS 36 and IAS 39. While Deloitte supports the draft Interpretation as an interim solution, we believe it is "not ideal as a long-term and sustainable solution" because some aspects of IAS 34 conflict more broadly with the comparability provisions of the IASB Framework. We believe that IASB needs to address the broader issues. All past Deloitte letters of comment to the IASC and the IASB are Here.