We comment on the IASB's post-implementation review of IFRS 10, IFRS 11, and IFRS 12

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10 May, 2021

We have responded to the IASB's post-implementation review IFRS 10 ‘Consolidated Financial Statements’, IFRS 11 ‘Joint Arrangements’, IFRS 12 ‘Disclosure of Interests in Other Entities’.

Overall, we believe that these standards provide sound principles and relevant guidance supporting the judgements required to represent faithfully an entity’s interests in subsidiaries and joint arrangements. Except for the certain issues noted in the response, we believe that no significant changes are required to the relevant standards. We have indicated in our responses to the various questions in the PIR areas that may benefit from clarifications and/or additional illustrative examples.

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