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GAAP.RUNewsCanada proposes delay in adoption of IFRSs by investment companies

Canada proposes delay in adoption of IFRSs by investment companies

Publication date: 9 August 2010

As part of its project on consolidated financial statements, the International Accounting Standards Board (IASB) has announced it will propose, subject to comments received on exposure, that investment companies should be exempted from consolidation and should account for controlling interests in other entities at fair value.

As part of its project on consolidated financial statements, the International Accounting Standards Board (IASB) has announced it will propose, subject to comments received on exposure, that investment companies in Canada should be exempted from consolidation and should IFRSs-account for controlling interests in other entities at fair value.