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- Title
Proyecto de norma de consolidación del IASB.
- Authors
Isern, Mariela
- Abstract
The global financial crisis, and the recommendations of international groups and organisations such as the Financial Stability Forum, have highlighted the need to review and improve accounting standards in a number of areas. In response to these recommendations the IASB has prioritised, among others, the consolidation project. This has led to the publication of the exposure draft ED 10 Consolidated Financial Statements in December 2008. Exposure draft ED 10 replaces the consolidation requirements in IAS 27 Consolidated and Separate Financial Statements and SIC-12 Consolidation-Special Purpose Entities. Its main objectives are to review the 'control' definition so that a unique control model can be applied to all entities and to improve the disclosure requirements for consolidated and unconsolidated entities. The comments received after the publication of ED 10, and the subsequent work performed by the technical staff of the IASB, will form the basis of the forthcoming discussions and redeliberations with the Board with the aim of publishing the final standard at the end of 2009.
- Subjects
GLOBAL Financial Crisis, 2008-2009; ACCOUNTING standards; CONSOLIDATED financial statements; DISCLOSURE in accounting; INTERNATIONAL Accounting Standards Board; MATERIALITY (Accounting); EXPOSURE drafts; FAIR presentation; STANDARDS
- Publication
Partida Doble, 2009, Vol 20, Issue 214, p56
- ISSN
1133-7869
- Publication type
Article