Deloitte comment letter on ED 'Additional Exemptions for First Time Adopters'

Published on: 23 Jan 2009

We are generally supportive of the proposed amendments in the ED. We agree with the Board that there are potential challenges for jurisdictions adopting IFRS in the near future which might be alleviated by the proposed exemptions. In particular, we agree that the proposed exemptions should help to limit undue cost and difficulty for certain first time adopters.

We do, however, believe that the amendments relating to oil and gas and rate-regulated entities could be improved.


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