PwC comments on the IASB's proposed amendments to IAS 27 to allow equity method accounting

Comment letter Jan 30, 2014

In this comment letter, we do not object to the board’s proposal to restore the use of the equity method as one of the options to account for investments in subsidiaries, joint ventures and associates in an entity’s separate financial statements.

Overview

In this comment letter, we do not object to the board’s proposal to restore the use of the equity method as one of the options to account for investments in subsidiaries, joint ventures and associates in an entity’s separate financial statements. However, we do not support the requirement for retrospective application of the exposure draft nor the proposed consequential amendment to IAS 28, Investments in Associates and Joint Ventures.

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David Schmid
International Accounting Leader, National Professional Services Group
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Beth Paul
US Strategic Thought Leader, National Professional Services Group
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Pat Durbin
US Standard Setting Leader, National Professional Services Group
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David Schmid
International Accounting Leader, National Professional Services Group
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