BC14 The assessment of whether an entity controls another entity sometimes requires judgement. Paragraph 122 of IAS 1 Presentation of Financial Statements [In April 2024 the IASB issued IFRS 18 Presentation and Disclosure in Financial Statements and carried over paragraph 122 of IAS 1 Presentation of Financial Statements to paragraph 27G of IAS 8 Basis of Preparation of Financial Statements.] requires an entity to disclose the judgements that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
BC15 IAS 27 and IAS 28 supplemented the general disclosure requirement in IAS 1 with more specific requirements relating to an entity's decision about whether it controls or has significant influence over another entity. Those standards required disclosure of information when an entity's control or significant influence assessment was different from the presumptions of cont
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