IASB publishes Project Report and Feedback Statement concluding the PIR of IFRS 10, IFRS 11 and IFRS 12
24 June 2022
The IASB has published a Project Report and Feedback Statement concluding its post-implementation review (PIR) of the following accounting standards:
- IFRS 10 Consolidated Financial Statements;
- IFRS 11 Joint Arrangements; and
- IFRS 12 Disclosure of Interests in Other Entities.
None of the matters arising from the PIR were assessed to be of high or medium priority.
Following five topics were identified as low priority:
- subsidiaries that are investment entities;
- transactions that change the relationship between an investor and an investee;
- transactions that involve ‘corporate wrappers’;
- collaborative arrangements outside the scope of IFRS 11; and
- additional disclosures about interests in other entities.
The IASB has noted that these topics could be explored if they are judged to be of high priority in the next agenda consultation.
The report may be accessed here.