Deloitte comment letter on ED 'Financial Instruments Puttable at Fair Value and Obligations Arising on Liquidation'

Published on: 20 Oct 2006

We agree that the Exposure Draft meets the objective of a limited scope exception. However, we question the technical justification for this change and why this proposed amendment is warranted when it has limited application, adds further complexity to the definition of liability/equity in IAS 32 (which already forms part of a wider modified joint project with FASB) and there are plenty of other issues with IAS 32 which are subject to that wider IASB project, on which these amendments have an impact.


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