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Tuesday 02 September 2014

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IASB publishes proposals for narrow-scope amendments to IAS 27 Separate Financial Statements

 02 December 2013


The International Accounting Standards Board (IASB) today published for public comment Exposure Draft: Equity Method in Separate Financial Statements (Proposed amendments to IAS 27). The proposed amendments to IAS 27 would allow entities to use the equity method to account for investments in subsidiaries, joint ventures and associates in their separate (parent only) financial statements.

The IASB expects the proposed change will reduce compliance costs for many entities, while providing information helpful to an assessment of the investor’s net assets and profit or loss.  

The proposals are open for public comment for 60 days.  This is shorter than the normal comment period, reflecting the importance of this change to several jurisdictions.  The Exposure Draft is available to download from here.


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