Investment entities could become exempt from the accounting requirements in IFRS 10, Consolidated financial statements, according to IASB proposals set out at the end of August. The IASB suggests that investment entities could be defined as a separate type of entitiy in order to be exempt from the requirements. At the moment, IFRS requires consolidation if an investment entity controls an entity it is investing in but while IFRS 10 was being developed.
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