PwC's monthly report shedding light on the IASB's activities. The November 2012 edition looks at:
- IASB exemption from consolidating investment entities
Many funds and similar entities will be exempted from consolidating controlled investees under amendments to IFRS 10.
- Viewpoint - are you truly happy with your accounting framework?
PwC partner Peter Holgate gives a personal view of criticisms of IFRS.
- Cannon Street Press
Summary of recent activity at the Board. This month:
- Revenue update
- Insurance contracts – proposal re-exposed
- IFRS Foundation response to SEC 'work plan'
- Questions and answers
Know your IFRS 'ABC' with our new questions-and-answers series. This month: A is for 'associates'.