This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

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

Next steps:

The IASB expects to issue a Request for Information in Q4/2020

Last updated:

April 2020

Overview

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

April 2020

On April 23, 2020, the IASB staff updated the work plan to indicate that the Board will issue a Request for Information in Q4/2020.

On April 17, 2020, IASB staff updated the Work Plan to indicate that the Board plans to review its research in Q4/2020.

March 2020

On March 21, 2020, the IASB staff updated the work plan to indicate that the IASB plans to review its research in April 2020.  

February 2020

On February 28, 2020, the IASB staff updated the work plan to indicate that the IASB plans to review its research in March 2020.  

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.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.