PwC supports the proposed one-year deferral of the effective date of IFRS 15, Revenue from Contracts with Customers.
In our letter, we explain our views on an entity’s financing activities and liquidity disclosures, and IFRS Taxonomy.
In our letter, we explain our views on net settled awards, measurement of cash settled awards, and transition guidance.
PwC agrees that the unit of account should be the investment as a whole.
PwC supports the IASB's going forward with a project on reporting the financial effects of rate regulation.
PwC agrees with the Committee's decision not to take this item onto its agenda.
PwC does not support an accounting model with a scope focused on Dynamic Risk Management as explored in the IASB paper.
In this comment letter, we respond to the boards tentative agenda decision: IFRS 2, Share-based payment – price difference between the institutional offer price and the retail offer price for shares in an initial public offering. We support the committee’s decision not to take this question onto the agenda but not for the reasons given. We are concerned that the reasons given for the agenda decision will increase diversity in practice regarding the application of IFRS 2 paragraph 13A and may also lead to diversity in the application of IFRS 13.
In this comment letter, we do not object to the board’s proposal to restore the use of the equity method as one of the options to account for investments in subsidiaries, joint ventures and associates in an entity’s separate financial statements. However, we do not support the requirement for retrospective application of the exposure draft nor the proposed consequential amendment to IAS 28, Investments in Associates and Joint Ventures.
PwC is concerned that the proposed amendments are too detailed and introduce new complexity to a straightforward issue.