In December 2020, the IASB published, as part of its due process, a Request for Information (RFI) on the Post-Implementation Review (PIR) of IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities (the Standards). The IASB’s comment deadline for the RfI is May 10, 2021.
The RfI seeks to assess the impact of the Standards on investors, preparers and auditors.
The IASB is seeking answers to the following questions:
The RfI addresses a number of areas of the Standards that have been identified by stakeholders as potentially unclear or open to significant judgement.
For IFRS 10:
For IFRS 11:
For IFRS 12, the quality of information an entity provides and whether and how well the disclosure objectives are met by an entity applying the requirements in this Standard.
We welcome your views on the areas identified by the IASB.
Our planned outreach on this project includes virtual meetings, roundtables, and public consultation on our draft comment letter when this letter is out for comment.
If you would like to contribute to outreach work on this project, please email PIR10email@example.com