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Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12 [Research]

Next steps:

The IASB plans to review its research in February 2020

Last updated:

December 2019


The International Accounting Standards Board (Board) conducts a Post-implementation Review (PIR) of each new IFRS Standard or major amendment. A PIR is a mandatory step in the due process for new IFRS Standards or major amendments to IFRS Standards.

IFRS 10 provides a single consolidation model that identifies control as the basis for consolidation for all types of entities. IFRS 11 establishes a principle-based approach for the accounting for joint arrangements, in which the parties recognize their rights and obligations arising from the arrangements. IFRS 12 combines, enhances and replaces the disclosure requirements for subsidiaries, joint arrangements, associates and unconsolidated structured entities. All of three standards were effective from January 1, 2013.

Currently, the PIR is in the first phase which involves an initial identification and assessment of the matters to be examined.


Other developments

December 2019

On December 13, 2019, the IASB staff updated the Work Plan to indicate that the IASB plans to review its research in February2020. 

November 2019

On November 25, 2019, the IASB staff updated the Work Plan to indicate that the Board plans to review its research (no date specified yet). 

October 2019

On October 1, 2019, the IASB® staff updated the work plan to indicate that the Board expects to review its research in Q1/2020.

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