Finding from the First Phase:  Post-implementation Review of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements

Recently, International Accounting Standards Board (IASB) has completed the first phase of the post-implementation review of IFRS 10 Consolidated Financial Statements and IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities. After a great number of dialogues with extensive stakeholders and summary of academic papers, IASB summarised in the document the findings made in the initial assessment towards the three standards and determined the next step of work.

To learn more about a summary of the findings from the first phase of the PIR, please refer to  page 5-27 presented as blow.