Our view: Consultation responses

PricewaterhouseCoopers responds to many invitations for comment, including exposure drafts and discussion papers published by the International Accounting Standards Board (IASB), International Federation of Accountants (IFAC), European Commission, regulatory and other bodies. Below are links to PwC comment letters submitted in 2008. These responses are sent on behalf of the PricewaterhouseCoopers network of firms, and summarise the views of member firms who commented on the drafts. ‘PricewaterhouseCoopers’ refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.

Download 2008 comment letters in pdf format:

• IFAC Exposure draft ISAE 3402: Assurance reports on controls at a third party service organisation (235kb)

• IFAC Consultation paper: Translation of standards (224kb)

• IFAC Exposure draft ISA 265: Communicating deficiencies in internal control and related conforming amendments to other ISAs (152kb)

• IFAC Exposure draft: Audit considerations relating to an entity using a third party service organisation (115kb)
• IFRIC Draft interpretation D24: Customer contributions (122kb)
• IFRIC Draft interpretation D23: Distributions of non-cash assets to owners (125kb)
• IFAC Exposure draft: Comparative information (125kb)
• IFAC Agreeing the terms of audit engagements (205KB)
• IASB Revised tentative agenda decision: IAS 37 - Deposits on returnable containers (46kb)
• IFAC Exposure draft: Analytical procedures (50kb)
• IFAC Exposure draft: Audit evidence regarding specific financial statement account balances and disclosures (106kb)

• IASB Exposure draft: Amendments to IFRS 2 share-based payment and IFRIC 11, IFRS 2 - Group and treasury share transactions - Group cash-settled share-based payment transactions (57kb)
• European Commission Endorsement of IAS 1 Presentation of Financial Statements: A Revised Presentation (IAS 1R) (27kb)
• European Commission Endorsement of IFRIC 14, IAS 19 — The limit on a defined benefit asset, minimum funding requirements and their Interaction (27kb)

• IASB Exposure draft: Amendments to IFRS 1 and IAS 27 — Cost of an investment in a subsidiary, jointly controlled entity or associate (110kb)
• CESR Consultation paper CESR/07-761: CESR’s advice on the equivalence of Chinese, Japanese and US GAAPs (48kb)
• IFAC Exposure draft: External confirmations (54kb)
• IFAC Exposure draft: Using the work of an auditor's expert (132kb)

• European Commission Endorsement of IAS 23: Borrowing costs (29kb)
• European Commission Endorsement of IFRIC12: Service concession arrangements (28kb)
• IFAC Exposure draft: ISA 700 The independent auditor’s report on general purpose financial statements – Implications of financial reporting frameworks described by reference to IFRSs (50kb)
• IASB Exposure draft: ED9 joint arrangements (294kb)
• IASB Exposure draft: Proposed improvements to International Financial Reporting Standards (199kb)
• IASB Exposure Draft: Exposures Qualifying for Hedge Accounting (173kb)
• IFAC Exposure drafts: Quality control for an audit of financial statements, and quality control for firms that perform audits and reviews of financial statements and, other assurance and related services engagements (199kb)
• IFAC Consultation paper: Proposed strategy for 2009-2011 (248kb)