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 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.

FEE publishes an analysis of combined and carve-out financial statements

  • FEE (Federation of European Accountants - Fédération des Experts-comptables Européens) (lt green) Image

15 Feb 2013

The European Federation of Accountants (FEE) has published a paper ‘Combined and Carve-out Financial Statements Analysis of Common Practices’. The paper summarises the most common practices as well as the main issues and challenges related to the preparation of combined and carve-out financial statements in compliance with IFRS.

This Analysis of Common Practices paper builds upon the FEE Discussion Paper Combined Financial Statements (issued in April 2011) and takes into consideration the feedback it has received by respondents concerning relevant issues not initially covered by the April 2011 discussion paper. Also, the Analysis of Common Practices paper includes additional input from the FEE Capital Markets Working Party that was deemed necessary in developing a more comprehensive and useful document.

The FEE believes this paper will:

    1. be useful for stakeholders with an interest in the subject matter (preparers, users, practitioners, regulators, researchers and professional bodies);
    2. encourage the IASB to consider a project on combined financial statements in its future agenda (currently, the IASB does not have a specific IFRS standard regarding the preparation of combined financial statements);
    3. be informative for securities regulators such as the ESMA and other national entities; and
    4. encourage public debate.

The FEE is welcoming comments and will update the document as needed.

The press release and Analysis of Common Practices are available on the FEE website.

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.