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Deloitte comment letter on IASB ED 'Proposed Amendments to IAS 23 Borrowing Costs'

Published on: 29 Sep 2006

We see the question of whether to capitalise interest to be a difficult conceptual issue, as the existence of allowed accounting alternatives in IAS 23 might indicate.  We do not see the project (as currently scoped by the IASB) as a high priority when compared to the rest of the IASB's agenda.

We do not support the proposals in the ED for the fundamental reason that we do not think that the IASB has made its case for change and supported that conclusion with appropriate evidence and analysis.  Consequently, we have no basis on which to assess whether the IASB came to the appropriate conclusions with respect to its proposals.

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