20 April 2006 — Consultation Response

Control under IAS 27

In October 2005, the IASB published in an IASB Update a text on control under IAS 27 Consolidated and Seperate Financial Statements, ‘that an entity holding a minority interest can control another entity in the absence of any formal arrangements that would give it a majority of the voting rights’ (de facto control’).

Related files:
Comment Letter to Sir David Tweedie