IASB concludes technical discussions on the Equity Method project
IASB concludes technical discussions on the Equity Method project
The International Accounting Standards Board (IASB) has concluded its technical discussions on the Equity Method project. The project will result in a revised IAS 28 Investments in Associates and Joint Ventures that addresses questions on how to apply the equity method, reduces diversity in practice and presents the requirements in a style consistent with more recent IFRS Accounting Standards.
The revised IAS 28 will be effective for annual reporting periods beginning on or after 1 January 2029, with early application permitted. The balloting process will now begin, and the IASB expects to issue the revised Standard in the first half of 2027.
The press release may be accessed here.
The revised IAS 28 will be effective for annual reporting periods beginning on or after 1 January 2029, with early application permitted. The balloting process will now begin, and the IASB expects to issue the revised Standard in the first half of 2027.
The press release may be accessed here.