ASCG comment letter to the IFRS IC

Today, we have submitted a comment letter to the IFRS IC. Therein, we agree with the technical conclusions in the tentative agenda decisions taken during the IFRS IC’s meeting in November 2019.

However, we have some comments. We deem the decision in respect of IFRS 15/IAS 38 having broad relevance beyond the issue discussed. We further note that, irrespective of the appropriate conclusion on this issue, IAS 38 deserves being revised given an increasing number and variety of intangible items.