Deloitte comments on ED on puttable instruments

  • News default Image

23 Oct 2006

Deloitte has submitted to the IASB our comments on the IASB's Exposure Draft 'Financial Instruments Puttable at Fair Value and Obligations Arising on Liquidation'.

Over overall view:

We agree that the Exposure Draft meets the objective of a limited scope exception. However, we question the technical justification for this change and why this proposed amendment is warranted when it has limited application, adds further complexity to the definition of liability/equity in IAS 32 (which already forms part of a wider modified joint project with FASB) and there are plenty of other issues with IAS 32 which are subject to that wider IASB project, on which these amendments have an impact.

Click for Links to All Deloitte Comment Letters to IASB and IASC.
Click for Exposure Draft (PDF 139k).

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.