Post-implementation review of the consolidation package now complete

At its February 2022 meeting, the International Accounting Standards Board (IASB) concluded its Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12, known as the ‘consolidation package’.

Keywords: Mazars, Thailand, IFRS, IASB, IFRS 10, IFRS 11, IFRS 12, IFRS IC, Consolidation package

21 April 2022

The Board decided that none of the topics identified in the review were of a sufficiently high priority to be added to its work plan for the next five years. If necessary, some topics could be reconsidered when the IASB consults on its work plan for the period after 2026. Stakeholders are encouraged to contact the IFRS Interpretations Committee (IFRS IC) in the event that they have more immediate questions about the practical application of the standards.

A report and feedback statement will be published in the near future, covering the work carried out in the review and the decisions taken by the Board.

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