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We comment on four IFRS Interpretations Committee tentative agenda decisions

  • Deloitte document (mid gray) Image

15 Feb 2021

We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions related to IAS 1, IAS 19, IAS 38, and IFRS 9, as published in the December 2020 IFRIC Update.

More in­for­ma­tion about the issues is set out below:

Issue

Agenda decision supported?

More in­for­ma­tion

IAS 1 — Classification of debt with covenants as current or non-current

We believe that this issue is of such significance that it cannot be resolved by the Committee through an agenda decision. We strongly believe that the Board should reconsider the conclusion reached in the recent amendment to IAS 1 to ensure that it provides a principle that results in relevant classification of debt with covenants as current or non-current.

o    Deloitte comment letter

o    Committee dis­cus­sion

IAS 19 — Attributing benefit to periods of service  

Yes

o    Deloitte comment letter

o    Committee dis­cus­sion

IAS 38 — Configuration or customization costs in a cloud computing arrangement

Yes, however, we believe that the wording of the decision could be clarified.

o    Deloitte comment letter

o    Committee dis­cus­sion

IFRS 9 — Hedging variability in cash flows due to real interest rate

Yes

o    Deloitte comment letter

o    Committee dis­cus­sion

Click to access all our comment letters to the IASB, IFRS Foun­da­tion, and IFRS In­ter­pre­ta­tions Committee.

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