IASB publishes proposals for narrow-scope amendments to IAS 27 Separate Financial Statements
|2013-12-30 | IFRS | Baxılıb: 826 dəfə|
The International Accounting Standards Board (IASB) today published for public comment
Exposure Draft: Equity Method in Separate Financial Statements (Proposed amendments to IAS
27). The proposed amendments to IAS 27 would allow entities to use the equity method to
account for investments in subsidiaries, joint ventures and associates in their separate (parent
only) financial statements.
The IASB expects the proposed change will reduce compliance costs for many entities, while
providing information helpful to an assessment of the investor’s net assets and profit or loss.
The proposals are open for public comment for 60 days. This is shorter than the normal comment
period, reflecting the importance of this change to several jurisdictions. The Exposure Draft is
available to download from here.
About the International Accounting Standards Board
The IASB was established in 2001 and is the standard-setting body of the IFRS Foundation, an
independent, private sector, not-for-profit organisation. The IASB is committed to developing, in
the public interest, a single set of high quality, global accounting Standards that provide high
quality, transparent and comparable information in general purpose financial statements. In
pursuit of this objective the IASB conducts extensive public consultations and seeks the cooperation
of international and national bodies around the world. The IASB has 16 full-time
members drawn from 13 countries and a variety of professional backgrounds. Board members
are appointed by, and accountable to, the Trustees of the IFRS Foundation, who are required to
select the best available combination of technical expertise and diversity of international business
and market experience. In their work the Trustees are accountable to a Monitoring Board of