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IASB proposes IFRS for SMEs amendment on consolidation exemption
Key takeaways
- The proposal would introduce a consolidation exemption for certain intermediate parent entities.
- Under the draft, the exemption would apply where a parent or ultimate parent is an investment entity that does not prepare consolidated financial statements.
- Instead, that parent would present financial statements in which its subsidiaries are measured at fair value through profit or loss under IFRS 10 Consolidated Financial Statements.
IASB proposes IFRS for SMEs amendment on consolidation exemption Kuldeep Jha Wed, May 13, 2026 at 6:13 PM GMT+7 1 min read The International Accounting Standards Board (IASB) has published an Exposure Draft proposing a narrow amendment to the IFRS (International Financial Reporting Standards) for SMEs (small and medium-sized enterprises) Accounting Standard.
The proposal would introduce a consolidation exemption for certain intermediate parent entities.
Under the draft, the exemption would apply where a parent or ultimate parent is an investment entity that does not prepare consolidated financial statements.
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