IFRS for investment entities29 August 2011

On 25 August the IASB published IFRS proposals to define investment entities in order to release them from consolidation requirements. The exposure draft defines criteria that would have to be met by an entity in order to qualify as an investment entity. These entities would be exempt from the consolidation requirements under IFRS and instead would be required to account for all their investments at fair value through profit or loss. The exposure draft also includes disclosure requirements about the nature and type of these investments. The exposure draft Investment Entities is open for public comment until 05 January 2012.