Global Standards for the world economy

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Exposure draft [Dec 2008]

Exposure draft and comment letters


On 18 December 2008, the International Accounting Standards Board (IASB) published for public comment an exposure draft ED 10 Consolidated Financial Statements.

The proposals are to strengthen and improve the requirements for identifying which entities a company controls.

The proposals form part of the IASB�s comprehensive review of off balance sheet activities and respond to the recommendations contained in a report published in April 2008 by the Financial Stability Forum (FSF), the international body tasked with co-ordinating the global regulatory response to the credit crisis. Further proposals, covering the derecognition of assets and liabilities, were published in March 2009. 

Comment letter deadline:  The exposure draft comment period ended on 20 March 2009.

Access the due process documents


Due process document Accompanying material
Exposure Draft: ED 10 Consolidated Financial Statements  [English] [PDF] Basis for conclusion [PDF]
Illustrative Examples [PDF]
Expos�-sondage ES 10, �tats financiers consolid�s [French] [PDF]


Related information

Download a short presentation on the Exposure Draft