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PR-Equity-Method-issued-August-2014.pdf

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The IFRS Foundation promotes the adoption of IFRSs and is the oversight body of the IASB The IFRS Foundation is a not-for-profit corporation under the General Corporation Law of the State of Delaware, United States of America Registered Office: 1209 Orange Street | Wilmington | New Castle County | Delaware 19801 | United States of America | Company No.: FC023235 Press release 12 August 2014 IASB publishes narrow-scope amendments to IAS 27 Separate Financial Statements The Inte
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    The IFRS Foundation promotes the adoption of IFRSs and is the oversight body of the IASB The IFRS Foundation is a not-for-profit corporation under the General Corporation Law of the State of Delaware, United States of America Registered Office: 1209 Orange Street |  Wilmington |  New Castle County |  Delaware 19801 |  United States of America |  Company No.: FC023235   Press release 12 August 2014 IASB publishes narrow-scope amendments to IAS 27 Separate Financial Statements    The International Accounting Standards Board (IASB) today published  Equity Method in Separate Financial Statements (Amendments to IAS 27) . The amendments to IAS 27 will allow entities to use the equity method to account for investments in subsidiaries, joint ventures and associates in their separate financial statements. The amendments will help some jurisdictions move to IFRS for separate financial statements, reducing compliance costs without reducing the information available to investors. The amendments respond to requests that the IASB had received during its inaugural public agenda consultation. Subscribers to eIFRS can download  Equity Method in Separate Financial Statements (Amendments to IAS 27) from eIFRS.  End Press enquiries: Chris Welsh, Communications Manager, IFRS Foundation Telephone: +44 (0)20 7246 6495 Email: cwelsh@ifrs.org  Technical enquiries: Raghava Tirumala, Technical Manager, IASB Telephone: +44 (0)20 7246 6953 Email: rtirumala@ifrs.org     Page 2  of 2   About the International Accounting Standards Board The IASB was established in 2001 and is the standard-setting body of the IFRS Foundation, an independent, public interest organisation. The IASB is committed to developing a single set of high quality, global accounting Standards that provide high quality, transparent and comparable information in general purpose financial statements. In pursuit of this objective the IASB conducts extensive public consultations and seeks the co-operation of international and national  bodies around the world. The IASB has 14 full-time members drawn from 12 countries and a variety of professional backgrounds. Board members are appointed by, and accountable to, the Trustees of the IFRS Foundation, who are required to select the best available combination of technical expertise and diversity of international business and market experience. In their work the Trustees are accountable to a Monitoring Board of public authorities.  
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