Deloitte comment letter on IFRIC tentative agenda decision regarding IAS 19 2011 amendments on accounting for contribution-based promises

Published on: 18 Jul 2012

Deloitte's IFRS Global Office has submitted a letter of comment responding to the IFRS Interpretation Committee's (IFRIC's) May 2012 'IFRIC Update' on the tentative decision not to include the request for interpretation of the effect, if any, of the 2011 amendments to IAS 19 'Employee Benefits' on the accounting for contributions-based promises onto the IFRIC agenda.

In the comment letter, we agree with the IFRIC's decision not to include this item onto its agenda because the Board has clearly stated that the measurement of contribution-based promises was not within the scope of the 2011 amendments. However, we recommend that the tentative agenda decision be amended to consider contribution-based promises with elements of risk-sharing arrangements.


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.