The International Accounting Standards Board (IASB) and the United States Financial Accounting Standards Board (FASB) discussed further questions relating to consolidation of particular interest to investment managers at their meeting in March 2010.
The objective of Exposure Draft (ED) 10, ‘Consolidated financial statements’, is to improve the definition of control and replace the consolidation requirements in IAS 27, ‘Consolidated and separate financial statements’, and SIC-12, ‘Consolidation – ‘special purpose entities’, by publishing a single accounting standard. The FASB will replace equivalent US generally accepted accounting principles (GAAP).
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|Apr 2010||IFRS Bulletin ED10 Consolidated Financial Statements|
|Feb 2010||IFRS and Luxembourg GAAP: Similarities and differences|
|Jan 2010||A practical guide to IFRS 8 for real estate entities|
|Aug 2009||A practical guide to amended IAS 40|
|Jan 2009||Similarities and differences 2009|