On 29 September 2010 the IASB posted to its website a staff draft of a forthcoming IFRS on consolidation that reflects the tentative decisions made to date by the IASB.
The draft IFRS has been prepared by the staff of the IASB for the board’s project to replace IAS 27
Consolidated and Separate Financial Statements and SIC-12
Consolidation—Special Purpose Entities with a single standard on consolidation. The staff draft reflects the cumulative tentative decisions made by the board, concluding with the meeting in May 2010.
The board’s deliberations are complete, apart from considering
the effective date of the forthcoming IFRS. However the tentative decisions reached may be subject to change before the board issues the final consolidation standard.
For more information and to read the staff draft, please