ED 4 comment letter final

International Headquarters Correspondence Address KPMGuilding 1-2orsetiseBurgemeesterijnderslaan0 London1185Cmstelveen EC4YAETheetherlands Unitedingdom Telephone+4420)694087Fax +4420)694429Email mark.vaessen@kpmg.co.uk Sir David Tweedie International Accounting Standards Board Your ref 30 Cannon Street London Our ref djl/813 EC4M 6XH United Kingdom Contact Mark Vaessen 020 7694 8089 10 November 2003 Dear Sir David Exposure Draft (ED) 4 Disposal of Non-current Assets and Presentation of Discontinued operations We appreciate the opportunity to respond to the International Accounting Standards Board’s exposure draft of its proposed IFRS Disposal of Non-current Assets and Presentation of Discontinued operations. This letter expresses the views of KPMG International and its member firms. We apologise for the delay in responding and hope that this will not hinder the Board’s consideration of our comments. We believe that the IASB should defer consideration of this project until it has completed the other projects that are critical elements of the 2005 “stable platform”. Our recommendation reflects our view that: • we question whether the degree of convergence with US GAAP that is achieved warrants diversion of the Board’s resources at this time; • the changes proposed are unlikely to result in many changes in measurement; and • there have not been significant practice issues in this area to date. At ...