Deloitte comment letter on tentative agenda decision on IAS 37 — Costs considered in assessing whether a contract is onerous

Published on: 21 Aug 2017

We have commented on the IFRS In­ter­pre­ta­tions Committee's pub­li­ca­tion in the June 2017 IFRIC Update of the tentative decision not to take onto the Committee's agenda the request for clar­i­fi­ca­tion on which costs should be considered in assessing whether to recognize an onerous contract provision.

We agree with the IFRS In­ter­pre­ta­tions Committee's decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision and do not believe the interpretation of the term “unavoidable costs” should be addressed by an agenda decision.

Download the full comment letter below.


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