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PKF Update 3 - Disclosure of Interest in Other Entities
IFRS 12 requires
all the disclosures that were previously required by IAS 27
Consolidated Financial Statements, IAS 31 Interest in Joint
Ventures and IAS 28 Investment in Associates.
IFRS 12 requires a number of new disclosures and one of the most
significant of these is the judgements made by an entity to
determine whether it controls another entity.
These changes were introduced by the IASB partly in response to
the financial crisis and are intended to improve transparency as to
the judgements made in deciding whether or not to consolidate and
the financial impact if management eached a different
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