KPMG International
As part of its due process, the International Accounting Standards Board (the Board) is undertaking a post-implementation review (PIR) of its consolidation suite of standards – IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities.
To understand where challenges with applying these standards are arising in practice, the Board is now seeking:
The consolidation suite of standards has largely been successful in developing a single, consistent basis for consolidation and joint arrangement accounting that has reduced diversity in practice. However, eight years on, issues continue to emerge that could benefit from the Board’s attention. Now is your chance to highlight these to the Board and voice any further concerns.
What issues has the Board identified?
The Board raises specific questions on a number of issues, including the following .
Standards | Specific issues |
IFRS 10 |
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IFRS 11 |
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IFRS 12 |
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