IASB Publishes Proposals for Narrow-Scope Amendments to IAS 27 Separate Financial Statements

The International Accounting Standards Board (IASB) has published for public comment Exposure Draft: Equity Method in Separate Financial Statements (Proposed amendments to IAS 27).


The proposed amendments to IAS 27 would allow entities to use the equity method to account for investments in subsidiaries, joint ventures and associates in their separate (parent only) financial statements.


The IASB expects the proposed change will reduce compliance costs for many entities, while providinginformation helpful to an assessment of the investor’s net assets and profit or loss. 


The proposals are open for public comment for 60 days.  This is shorter than the normal comment period, reflecting the importance of this change to several jurisdictions.


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