The project is conducted in two parts. The objective of the project is to revise the definition of control and to enhance related disclosures. The topic of investment entities and whether they should be excluded from the consolidation requirements has been separated from the main project because of timing differences.
The project is conducted jointly with the FASB though the two boards have different timelines. The IASB will complete the consolidation project in two parts:
|Part one: Consolidation and disclosure
||IFRS 10 Consolidated Financial Statements and IFRS 12 Disclosure of Interests in Other Entities published on 12 May 2011.
|Part two: Investment entities
||Exposure draft Investment Entities published in August 2011.
Page last updated: 4 May 2012