Special edition IAS Plus Newsletter on IFRS 1 amendment
04 Mar 2007
Deloitte's IFRS Global Office has published a special edition of our IAS Plus Newsletter titled Relief Proposed for Measuring Investments in Subsidiaries on First-time Adoption.
On 25 January 2007, the IASB published an Exposure Draft that would amend IFRS 1 First-time Adoption of International Financial Reporting Standards. The proposals respond to concerns about difficulties encountered by parent entities in measuring the cost of investments in subsidiaries when adopting IFRSs for the first time. This newsletter explains the proposals. The IASB has requested comments by 27 April 2007. Click for IAS Plus Publication (PDF 107k).