European Union formally adopts amended IFRS 10 transition guidance
05 Apr 2013
The European Union has published a Commission Regulation endorsing ‘Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance’ (Amendments to IFRS 10, IFRS 11 and IFRS 12).
The European Union has published the Commission Regulation (EC) No 313/2013 of 4 April 2013 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council in the Official Journal on 5 April 2013. This regulation adopts the amendments made by the IASB in June 2012 that were intended help to alleviate concerns that the transitional requirements of IFRS 10 Consolidated Financial Statements were more burdensome than had been intended.