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Details

  • Service: Audit, IFRS
  • Type: Business and industry issue
  • Date: 6/13/2014

Proposals seek to clarify application issues for investment entities 

New requirements allowing investment entities to use fair value accounting came into effect from 1 January this year, but early adoption had already highlighted a series of application issues. In response, the IASB has issued proposals on applying the consolidation exception to investment entities.

Although not stated explicitly, the key question for those providing feedback is whether an investment entity should consolidate intermediate holdings between itself and its underlying investment portfolio. Comments are due to the IASB by 15 September 2014.

 

Read our In the Headlines to find out more about the proposals.

Applying the investment entities amendments (2014/11)

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New requirements allowing investment entities to use fair value accounting came into effect in early 2014, but a series of application issues exist.

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