The Request for Information has been published as part of the Post-implementation Review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities.
Post-implementation reviews are carried out to assess the effects of new Standards or major amendments after companies have applied the requirements for some time.
IFRS 10 sets out requirements for the preparation of group—consolidated—financial statements; IFRS 11 addresses how to account for interests in joint arrangements; and IFRS 12 sets out the information to be disclosed in the notes to the financial statements about interests in other companies.
These IFRS Standards have been effective for annual reporting periods beginning on or after 1 January 2013.
The Request for Information seeks feedback on applying the Standards and on the information provided to users of financial statements.
The Board will use the feedback on the Request for Information to determine whether any further action is required.
Access the Request for Information below. The comment letter period is open until 10 May 2021.