We comment on proposed IFRIC 9 amendment
23 Jan 2009
Deloitte has submitted a Letter of Comment on the IASB's exposure draft of Embedded Derivatives – Proposed amendments to IFRIC 9 and IAS 39.
We believe however, that the interaction between the amended IAS 39.12 and the retained IAS 39.13 should be clarified. Specifically, it should be clearer whether an entity may reclassify a financial asset even though it cannot reliably measure the embedded derivative but can reliably measure the entire financial instrument and the financial host contract. |