| This Exposure Draft, ED 10 Consolidated Financial Statements, has been issued by the International Accounting Standards Board with the objective of publishing a single IFRS on consolidation to replace the consolidation requirements in IAS 27 Consolidated and Separate Financial Statements and SIC-12 Consolidation�Special Purpose Entities. The main objectives of the project are to improve the definition of control and related application guidance so that a control model can be applied to all entities, and to improve the disclosure requirements about consolidated and unconsolidated entities. |
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| Invitation to comments |
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| ASB invites comments on the said Draft from the public. The downloadable version of the draft is available at http://www.iasb.org/NR/rdonlyres/DAEA5425-4ABE-4217-8429-DB395333E8CC/0/ED10_STANDARD_1208.pdf. Comments would be most helpful if they indicate the specific paragraph or group of paragraphs to which they relate, contain a clear rationale and, where applicable, provide a suggestion for alternative wording. |
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| Comments should be submitted in writing to the Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi-110002, so as to be received not later than January 30, 2009. Comments can also be sent by e-mail at tdte[at]icai[dot]org or edcommentsasb[at]icai[dot]org. |
