IAS 27 – Control by a fiduciary


There are no specific requirements in IFRS that address accounting for investments by venture capital organisations, mutual funds, unit trusts, and similar entities that hold investments in a fiduciary capacity. As a result, depending on whether an entity has control, joint control, or significant influence over an investee, one of the following Standards is applied:

  • IAS 27 Consolidated and Separate Financial Statements
  • IAS 28 Investments in Associates, or
  • IAS 31 Interests in Joint Ventures.
IFRIC is considering whether the resulting presentations are the most appropriate and related issues.


Current status of the project

This project has been discontinued.  IFRIC removed this issue from its agenda at its May 2004 meeting as the IASB will consider the matter as part of its project on consolidation.



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.