This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

We have concerns about related party proposals

  • Deloitte Comment Letter Image

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:

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.