IASB issues new standard providing a reduced disclosure framework for subsidiaries
The International Accounting Standards Board (IASB) has published the new standard IFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’, which permits a subsidiary to provide reduced disclosures when applying IFRS Accounting Standards in its financial statements. IFRS 19 is optional for subsidiaries that are eligible and sets out the disclosure requirements for subsidiaries that elect to…