On July 26, the International Accounting Standard Commission (IASB) proposed to reduce information disclosure requirements for subsidiaries eligible according to the standard of international financial statements (IFRS) .0: 00/1: 23 narrays illustration. Photo: N.LY Suggested by IASB is given to reduce the requirements of financial statements for subsidiaries while still meeting the needs of users reporting. Relaxation of information disclosure Will apply to subsidiaries that are not accountable for public, companies are not a financial or listed organization on the Stock Exchange, the parent company establishes the consolidated financial statements applied According to IFRS
. These subsidiles make financial statements for the parent company for the consolidation of financial statements applied according to IFRS. The proposed standard application will allow them to use IFRs when setting up their own financial statements, but less expelling levels. This is considered to help private companies reveal information easier
IASB's proposals also aim to save time and money for subsidiaries by minimizing information disclosure and eliminating the need to keep a set of accounting dossiers for reporting purposes if The subsidiary does not apply IFRS in its financial statements. IASB President Sue Lloyd affirmed: IASB's proposal aims to provide a solution to simplify financial and saving reports Costs for subsidiaries, at the same time still meet the needs of information of users of financial statements ./. According to Thuy Le / BaokiemToAnnhanuoc.vn . Dịch vụ:
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