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IFRS 10/IAS 28 — Investment entity amendments


This narrow scope project involves a number of potential amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures (2011) to address issues that have arisen in relation to the exemption from consolidation for investment entities:

  • Whether an investment entity parent should account for an investment entity subsidiary at fair value, when the subsidiary provides investment-related services to third parties
  • The interaction between the investment entity amendments and the exemption from preparing consolidated financial statements requirements in IFRS 10
  • Whether a non-investment entity must ‘unwind’ the fair value accounting of its joint ventures or associates that are investment entities.


Current status of the project

This project has been completed. The IASB issued Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28) on 18 December 2014.


Project milestones

March 2014 Formally added to the IASB agenda
11 June 2014 ED/2014/2 Investment Entities: Applying the Consolidation Exception (Proposed amendments to IFRS 10 and IAS 28) published
Comments requested by 15 September 2014
18 December 2014
Effective for annual periods beginning on or after 1 January 2016, early adoption permitted

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.