We have concerns about related party proposals
12 Mar 2009
Deloitte has submitted a Letter of Comment on the IASB's exposure draft (ED) on 'Relationships with the State (Proposed amendments to IAS 24)'.
The ED proposes to simplify the disclosure requirements that apply to state-controlled entities under the existing IAS 24 Related Party Disclosures. An excerpt from our letter:
| We agree that state-controlled entities may have difficulties in identifying all entities controlled, jointly controlled or significantly influenced by the same state. However, we are concerned that the proposed exemption as set out in the 2008 exposure draft is too broad. In addition, we have a number of concerns in relation to the revised definition of a related party. |
Click for:
- Deloitte's Letter of Comment (PDF 186k)
- Our 11 December 2008 story on the IASB's revised related party ED
- Past letters of comment
