IASB PUBLISHES REVISED PROPOSALS FOR DETERMINING THE COST OF AN INVESTMENT IN SEPARATE FINANCIAL STATEMENTS

The International Accounting Standards Board (IASB) has published for public comment on exposure draft of proposed amendments to IFRS 1: First-time Adoption of International Financial Reporting Standards and IAS 27: Consolidated and Separate Financial Statements. The exposure
draft—Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate—was developed in response to comments received on a related exposure draft published in January 2007.