In depth - IFRS 10 "Consolidated financial statements" and IFRS 12 "Disclosure of interests in other entities" - Questions and answers

May 2015

IFRS 10 and IFRS 12 were issued in May 2011 and effective from 1 January 2013. Some of the detailed guidance is new and may result in changes in the scope of consolidation for some parent companies. Our experience suggests that the requirements will have the greatest impact on consolidation decisions for structured entities (or 'special purpose entities') and for pooled funds managed by a third party.

This publication sets out our views on some of the most common issues that arise during the implementation of those standards. In 2015, it is updated to include 11 additional Q&As which were asked frequently during the last year.