• Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Date: 13/06/2014

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide a timely update on International Financial Reporting Standards (IFRS) developments.

Applying the investment entities amendments (2014/11) 

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

In response, on 11 June 2014 IASB issued Exposure Draft Investments Entities: Applying the Consolidation Exception (ED) which seeks to clarify the following questions:


  • How should an investment entity parent account for an investment entity subsidiary that provides investment – related services on its behalf?
  • Can an intermediate parent (holding) in an investment entity group be exempt from preparing consolidated financial statements?
  • How should a non-investment entity investor apply the equity method to investment in associates and joint ventures that are investment entities?


Comments are due to the IASB by 15 September 2014.