De-FACTO Control - Ind-As/ IFRS

CA Anuj Agrawal , Last updated: 16 August 2017 Share Follow on Google News

It is a general presumption that if an entity holds 50% or more voting rights of another entity then it can be further evaluated for assessing if any Control (for consolidation purposes) exists over the investee. However Ind-As -110 "Consolidated Financial Statements" para B 41-42 defines situation

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About the Author

CA Anuj Agrawal

IFRS/ GST Professional

14+ years of experience into FINANCIAL REPORTING includsGAAP CONVERSIONS (IFRS/IND-AS USGAAP) and having subject matter expertise. - Fellow member of ICAI - Certified Forensic Accountant from ICAI - Cert in IFRS from ACCA (UK) - and having various certificates from other Institutions e.g.University of Verg ... Read more

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De-FACTO Control - Ind-As/ IFRS

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