Updated EFRAG endorsement status report includes amendments to IAS 27
12 Aug 2014
The European Financial Reporting Advisory Group (EFRAG) has updated its Endorsement Status Report to include 'Equity Method in Separate Financial Statements (Amendments to IAS 27)', published on 12 August 2014.
The amendments reinstate the equity method as an accounting option for investments in subsidiaries, joint ventures and associates in an entity's separate financial statements. The amendments are effective for annual periods beginning on or after 1 January 2016, with earlier application being permitted.
The endorsement status report, dated 12 August 2014, is available here.
