Consolidations
Date recorded:
The Board agreed to proceed with the preparation of an exposure draft that would result in the inclusion of guidance developed regarding the 'control' notion in IAS 27. This ED would exclude guidance on SPEs as the Board has not fully deliberated this issue. The exposure draft is likely to be issued in mid-2005. The Board however agreed to test that guidance against certain SPE scenarios at the next couple of meetings in order to ensure that the guidance would be unlikely to change.