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 IFRSÂ 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.
implementation IFRS6 November 2007
Solutional Financial Reporting will provide guidance and support on the implementation of IFRS for an investment fund which objective is to mitigate foreign currency exchange and interest issues for local investors in the Third World. Solutional Financial Reporting will also prepare the financial statements for this unique investment fund.