BC29 The Board decided to align the effective date for the Standard with the effective date for IFRS 10, IFRS 11, IFRS 12 and IAS 28 (as amended in 2011). When making this decision, the Board noted that the five IFRSs all deal with the assessment of, and related accounting and disclosure requirements about, a reporting entity's special relationships with other entities (ie when the reporting entity has control or joint control of, or significant influence over, another entity). As a result, the Board concluded that applying IAS 27 without also applying the other four IFRSs could cause unwarranted confusion.
BC30 The Board usually sets an effective date of between twelve and eighteen months after issuing an IFRS. When deciding the effective date for the five IFRSs, the Board considered the following factors:
(a) the time that many countries require for translation and for introducing the mandatory requirements into law.
(b) the consolidation project was related to the global financial c
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