The International Accounting Standards Board (Board) has published a Request for Information on the Post-implementation Review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities.
The objective of the Request for Information is to seek feedback on the matters the Board is examining to help assess the effects of the Standards’ requirements on users of financial statements, preparers and auditors.
The Request for Information is open for comment until 10 May 2021.
The Board met on 18 November 2020 to review the due process steps taken in establishing the scope of the Post-implementation Review and developing the draft Request for Information.
All 13 Board members confirmed they were satisfied the Board has complied with the due process requirements to establish the scope of the review.
The Board decided to publish the Request for Information with a comment period of 150 days. Eleven of 13 Board members agreed with this decision.