In response to requests from constituents, the IASB has proposed amendments to IAS 27 Separate Financial Statements to allow equity accounting for investments in associates, joint ventures and subsidiaries. This may lead to more companies applying IFRS in their separate financial statements, but may increase diversity in reporting practice.
The proposal would be applied retrospectively, with early adoption permitted. No effective date has been proposed yet.
Read our In the Headlines to understand what the proposal could mean for your business.
Comments are due to the IASB by 3 February 2014