IASB Request for Information – Post Implementation Review of IFRS 10, 11 and 12

  • For-profit

The International Accounting Standards Board (IASB) is seeking feedback on the standards dealing with accounting for interests in other entities – IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities.

The IASB has published a Request for Information (RFI) as part of the Post-implementation Review (PIR) of these standards.

IFRS 10 sets out requirements for the preparation of group – consolidated – financial statements; IFRS 11 addresses how to account for interests in joint arrangements; and IFRS 12 sets out the information to be disclosed in the notes to the financial statements about interests in other entities.

These IFRS Standards have been effective since 2013.

The RFI is seeking feedback on applying the standards and on the usefulness of information provided to users of financial statements.  The IASB will use the feedback from the RFI to determine whether any further action is required.

Further information about post-implementation reviews can be found in the IASB’s Due Process Handbook


Consultation Document

Commenting on the Proposals

This is your opportunity to comment on this ED.

Comments, using the form below, are due to the NZASB by 17 March 2021, or you can comment direct to the IASB by 10 May 2021 and send a copy of your submission to the NZASB.


Upload your submission here

Please use this secure online form.

It has been designed to make your upload safe, quick and easy. 

You can:

  • Upload an MS Word document (and a PDF file, if you wish); or
  • Write your comments below in the space provided.

You can upload up to TWO documents. 

Please note:

  • We would appreciate receiving a copy of your comments in electronic form (preferably Microsoft Word format).  This helps us to more efficiently collate and analyse comments. Please also specify the exposure draft number and title in your electronic file. 

  • Tell us on whose behalf you are making the comments (for example on behalf of a group or an entity).

  • We intend publishing all comments on the XRB website, unless they may be defamatory. If you have any objection to this, we will not publish them. However, they will remain subject to the Official Information Act 1982 and, therefore, may be released in part or in full. The Privacy Act 1993 also applies.

  • If you have an objection to the release of any information contained in your comments, we would appreciate you identifying the parts of your comments to be withheld, and the grounds under the Official Information Act 1982 for doing so (for example, that it would be likely to unfairly prejudice the commercial position of the person providing the information).