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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 comment period ended on 10 May 2021.

The objective of the Request for Information was 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.

In its July meeting, the Board discussed feedback on the Request for Information from comment letters and outreach activities undertaken during the comment period.

The Board will, at a future meeting, decide how to respond to the feedback; that is, what actions to take as a result of the Post-implementation Review, if any.

IASB® Update July 2021

The Board met on 21 July 2021 to discuss feedback on the Request for Information Post-implementation Review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities. The Request for Information was published in December 2020 and the comment period ended on 10 May 2021. 

The Board discussed: 

  1. feedback from comment letters;
  2. feedback from outreach it undertook between January and May 2021; and
  3. an update to the academic literature review.

The Board was not asked to make any decisions. 

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