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Deloitte comment letter on tentative agenda decision on IFRS 9 and IAS 39 — Derecognition of financial assets

Published on: 19 Jan 2016

We have commented on the IFRS Interpretations Committee's publication in the November IFRIC Update of the tentative decision not to take onto the Committee's agenda a potential narrow-scope project to clarify the circumstances in which a modification or exchange of financial assets results in derecognition of the original asset.

We disagree with the with the IFRS Interpretations Committee's decision not to add this item onto its agenda; we believe that standard-setting activity is required in this area because it is an issue that arises frequently in practice and — in the absence of guidance — diverse practices are likely to evolve. We believe that this issue should be referred to the IASB for comprehensive consideration.

Download the full comment letter below.


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