Staff draft of a forthcoming IFRS on consolidation
Sep 30, 2010
The IASB has posted to its website a staff draft of a forthcoming IFRS on consolidation that reflects the tentative decisions made to date by the IASB.
The draft IFRS has been prepared by the staff of the IASB for the board's project to replace IAS 27 Consolidated and Separate Financial Statements and SIC-12 Consolidation – Special Purpose Entities with a single standard on consolidation. The staff draft reflects the cumulative tentative decisions made by the board, concluding with the meeting in May 2010. The board's deliberations are complete, apart from considering the effective date of the forthcoming IFRS. However the tentative decisions reached may be subject to change before the board issues the final consolidation standard.
The Financial Accounting Standards Board (FASB) will hold public roundtables on 25 October 2010 to elicit input from its stakeholders and help the FASB decide whether to proceed with an exposure draft that is consistent with the IASB's published requirements.
Click for:
- Staff draft of the forthcoming IFRS on consolidation on the IASB's website (PDF 1,080k)
- IAS Plus summary of the deliberations on the topic
