Two Steps Backward and One Step Forward; The IASB's ...

These documents adopt the control test as the only criterion by which an investing entity will assess whether to consolidate an investee. In the Basis of Conclusions on IFRS 10 (IASB, 2011a, para BC35(d)) the Board stated that it retained the control model as this would reduce the potential for “structuring opportunities.” Paragraph 7 of IFRS 10 states that an investor controls an investee ... ................
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