We disagree with IFRIC's draft decision on effective interest rate
17 Jun 2008
In a letter to IFRIC, Deloitte Touche Tohmatsu disagree with the IFRIC's tentative decision not to take onto the IFRIC's agenda a request for an interpretation on the application of the effective interest rate (EIR) method.
Click for our Letter to IFRIC (PDF 136k). Here is an excerpt:
Our past comment letters to IASB, IFRIC, IASC, and SIC are Here.
In summary, we believe the tentative agenda decision wording does not provide sufficient clarity and that additional interpretive guidance is needed. We believe there are three important interpretative issues that need to be addressed:
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