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ISCA seeks comments on IASB’s ED Equity Method of Accounting—IAS 28 Investments in Associates and Joint Ventures (revised 202x).
The proposals add to and clarify how to apply the equity method by answering application questions the IASB has received over a number of years. The IASB is also proposing new disclosure requirements that will enhance the information companies provide about these investments. The IASB expects the proposed amendments will reduce diversity in practice and provide users of financial statements with more comparable and useful information.
ISCA requires all comments to be submitted to professionalstandards@isca.org.sg by 20 November 2024 (Wednesday).
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