IASB 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 International Accounting Standards Board (IASB) has published 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 objective of the Request for Information is to seek feedback on the matters the IASB is examining to help assess the effects of the Standards’ requirements on users of financial statements, preparers and auditors. 

This Post-implementation Review assesses the effects of:

  • IFRS 10 Consolidated Financial Statements, which provides a single consolidation model that uses control as the basis for consolidation for all types of entities;
  • IFRS 11 Joint Arrangements, which establishes a principle-based approach for the accounting for joint arrangements, in which the parties recognise their rights and obligations arising from the arrangements; and
  • IFRS 12 Disclosure of Interests in Other Entities, which combines the disclosure requirements for subsidiaries, joint arrangements, associates and unconsolidated structured entities.

All three Standards have been effective for reporting periods beginning on or after 1 January 2013.

Click here to download the Request for Information

Invitation to comment

The Request for Information is open for comment until 9 April 2021.

You may provide your comments via email to us at technical@masb.org.my

Click here to submit your comments.