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 Consolidation and disclosure


Project milestones

This project was initially completed in May 2011, with amendments to the transition requirements completed in June 2012.  The project objective was to publish a single IFRS for consolidation replacing IAS 27 Consolidated and Separate Financial Statements and the interpretation SIC-12 Consolidation - Special Purpose Entities. IFRS 10 Consolidation provides: 

  • a revised definition of control and related application guidance so that a single control model can be applied to all entities.
  • enhanced disclosures about consolidated and unconsolidated entities to be published in a separate comprehensive disclosure standard related to involvement with other entities.
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Project news

28 June 2012 The IASB issued Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11 and IFRS 12).  The amendments clarify the transition guidance in IFRS 110 Consolidated Financial Statements and also provide additional transition relief in IFRS 10, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other EntitiesClick here to read the press release.

20 December 2011 The International Accounting Standards Board (IASB) today published for public comment proposed amendments to IFRS 10 Consolidated Financial Statements Click here for more details.  

Click here to access the archive of all previous project news.


IASB meeting updates 

23 May 2012
The IASB discussed the proposed amendments to IFRS 10 Consolidated Financial Statements arising from the exposure draft published in December 2011.

Click here to access all previous IASB updates on this project.

Click here to listen to the IASB meeting audio playbacks.


Next discussed by the IASB

Discussions of this project have finished. This project is now complete. 


Page last updated: 16 August 2012