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International Financial Reporting Interpretations Committee (IFRIC) proposals for service concessions
Date: 9 August 2006
Text of request
The request was to see any study or assessment and any unpublished material between the Treasury and Financial Reporting Advisory Board (FRAB) in regard to the International Accountancy Standard Board’s (IASB) International Financial Reporting Interpretations Committee’s (IFRIC) proposals on accounting for so-called ‘OE Service Concessions’ - draft interpretations D12 D14.
Text for disclosure
As a matter of policy HMT does not respond to draft interpretations issued by the IFRIC. As a consequence, in regard to draft interpretations D12 D14, the Treasury holds very little recorded information relevant to the request and no unpublished communications between HMT and FRAB.
An internal note about the IFRIC proposal is released. The only other information (an extract from a draft briefing note) has not been disclosed under the grounds of policy development.
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