BDO submits comment letter to IASB on Exposure Draft ED/2021/08: Initial Application of IFRS 17 and IFRS 9 – Comparative Information
01 October 2021
BDO has submitted a comment letter to the IASB on Exposure Draft 2021/8: Initial Application of IFRS 17 and IFRS 9 – Comparative Information.
The comment letter supports the proposed amendments in the Exposure Draft. In addition, the comment letter provides suggestions related to the following areas to improve and clarify the proposals:
- Scope of the classification overlay compared to the scope of the IFRS 9 deferral
- Disclosure of the scope and effect of the classification overlay
- Drafting suggestion – policy choice relating to the impairment requirements of IFRS 9
The comment letter may be accessed here.