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14RU-002 Financial reports of stapled entities – Update

14RU-002 Financial reports of stapled entities – Update

In October 2013, ASIC released Consultation Paper 217 Presentation of financial statements by stapled entities (CP 217). CP 217 proposed that ASIC would issue a class order allowing stapled entities to present combined (not consolidated) financial statements covering all of the entities whose securities are stapled.

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Key insights

  • Issue now considered by IFRS Interpretations Committee.
  • Accounting Standards require stapled group to prepare consolidated financial statements.
  • ASIC to reconsider ‘interim’ guidance issued to date.

Further details can be found in Reporting Update 13RU-013 Financial reports of stapled entities.

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