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Saturday 01 November 2014

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Exposure Draft December 2013

Exposure Draft [December 2013]


 Comment letter analysis

On 2 December 2013 The International Accounting Standards Board (IASB) 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.  

Comment letter deadline

The Exposure Draft comment period ended on 3 February 2014.

Respondent type

  • Respondent Type Number Percentage
  •  
    Standard-setting bodies
    21
    35%
  •  
    Accountancy body
    10
    17%
  •  
    Accounting firms
    9
    15%
  •  
    Preparers
    9
    15%
  •  
    Individuals
    4
    7%
  •  
    Preparer representative bodies
    3
    5%
  •  
    Securities regulators
    3
    5%
  •  
    Academia or Think tank
    1
    1%
  • Total 60 100%

Geographic region

  • Geographic Region Number Percentage
  •  
    Asia
    16
    27%
  •  
    Europe
    15
    25%
  •  
    Global
    8
    13%
  •  
    Latin America
    6
    10%
  •  
    North America
    5
    8%
  •  
    Individuals
    4
    7%
  •  
    Africa
    3
    5%
  •  
    Oceania
    3
    4%
  • Total 60 100%