The AcSB proposes to replace Section 1590 Subsidiaries in Part II of the CICA Handbook with new Section 1591.
The main features of the proposals are summarized as follows:
The effective date of the standard will be no earlier than fiscal years beginning on January 1, 2016.
Comments on the exposure draft are requested by November 11, 2013. A copy of the exposure draft can be found at the following link: Exposure Draft Consolidations.