This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Deloitte comment letter on tentative agenda decision on IAS 39 — Fees and costs included in the '10 per cent' test for the purposes of derecognition

Published on: 22 Jul 2016

We have commented on the IFRS In­ter­pre­ta­tions Committee's pub­li­ca­tion in the May IFRIC Update of the tentative decision not to take onto the Committee's agenda the issue of which fees and costs should be included in the ‘10 per cent’ test for the purposes of derecognition of a financial liability.

We do agree with the IFRS In­ter­pre­ta­tions Committee's decision not to add this item onto its agenda, however, we believe a more significant clarification of the standard is warranted as well as, since there is currently significant diversity, explicit transition provisions.

Download the full comment letter below.

Download

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.