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Users and regulators often require companies to provide combined and/or carve-out financial statements because they can provide meaningful, relevant and useful information. But preparing them can be challenging and require considerable judgement. 

What's the issue?

Combined and/or carve-out financial statements are not addressed specifically in IFRS® Standards, which has caused local practices to develop, often through discussions with regulators. 

This global diversity in practice means that management face unique challenges when preparing combined and/or carve-out financial statements and often need to apply significant judgement.  

Find out more – Read our guide

This updated publication shares our practical experience and observations to help you when preparing combined and/or carve-out financial statements. It also highlights where there is consistency and diversity in applying IFRS Standards and the approaches we have seen in practice.

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