Global Standards for the world economy

Sunday 20 October 2019

Banner graphic


 Investment Entities round-table meetings


In February and March 2012 the IASB and the FASB held round-table discussions on their proposals for investment entities in Toronto, ON, Canada; London, UK; Norwalk, CT, USA and Kuala Lumpur, Malaysia.

About the round table topics:

In the exposure draft Investment Entities, the IASB is proposing to introduce an exception to the control principle in IFRS 10 Consolidated Financial Statements. This exception would prohibit an investment entity from consolidating its investments in controlled entities. Instead, each such investment would be measured at fair value through profit or loss in accordance with IFRS 9 Financial Instruments. The exposure draft proposes criteria for an entity to qualify as an investment entity and guidance for making this assessment. The proposal would also require an investment entity to provide additional disclosures to enable users of its financial statements to evaluate the nature and financial effects of its financial activities.

The concept of an investment company is not a new concept in US GAAP; US GAAP already has specialised accounting and reporting guidance for investment companies. The FASB has published an exposure draft Financial Services�Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements proposing amendments to the current criteria for determining whether an entity is an investment company. The exposure draft also proposes amendments to the measurement, presentation, and disclosure requirements for investment companies.

The investment entities project is a joint project between the IASB and the FASB. The two exposure drafts are broadly similar, although there are some differences in the IASB�s and FASB�s proposals.

The round table in Norwalk also discussed the FASB�s exposure draft Real Estate�Investment Property Entities (Topic 973) which develops accounting guidance for entities focused on investing in real estate properties. The investment property entities project was only discussed at the Norwalk round table. 

Location, Dates and Times:


Country Address Date of round table Registration deadline
Canada Canadian Accounting Standards Board Office
The Canadian Institute of Chartered Accountants
277 Wellington Street West
Toronto, ON M5V 3H2
17 February 2012 (10am - 12pm) 27 January 2012
UK The International Accounting Standards Board
First Floor
30 Cannon Street
London EC4M 6XH
United Kingdom
29 February 2012 1pm - 3pm) 8 February 2012
USA The Financial Accounting Standards Board
401 Merritt 7
Norwalk, CT 06856-5116
United States
16 March 2012(Morning session 9am - 12.30pm, afternoon session 1.30pm - 3.30pm) 24 February 2012
Malaysia& Shangri-La Hotel
11 Jalan Sultan Ismail
50250 Kuala Lumpur
27 March 2012 ( 4:30pm- 6:30pm) 6 March 2012


Related information 

  • Click here to view the exposure draft and submit a comment letter