Deloitte comment letter on the IASB's annual improvements to IFRSs 2015–2017 cycle ED
We have responded to the IASB's Exposure Draft, Annual Improvements to IFRSs 2015–2017 Cycle that was IASB published in January 2017 and makes proposes amendments to three IFRSs.
We believe the annual improvement project is an efficient and effective means of dealing with isolated issues within IFRSs that are leading to divergent practice. We agree with the amendments proposed in the ED but are concerned that the proposed amendments do not provide sufficient guidance.
Download the full comment letter below.