The International Accounting Standards Board
(IASB) has issued a staff draft of forthcoming IFRS

The draft will replace IAS 27 and SIC-12 with
a single standard on consolidation.

IAS 27 Consolidated and Separate Financial
Statements is the standard applied in the preparation and
presentation of consolidated financial statements for a group of
entities under the control of a parent.

SIC-12 Consolidation addresses when a special
purpose entity should be consolidated by a reporting enterprise
under the principles in IAS 27. 

The board have yet to confirm the effective
date of the forthcoming IFRS


How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.