Dissent of Mary E Barth and Philippe Danjou from Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate (Amendments to IFRS 1 and IAS 27) issued in May 2008
Cross‑references have been updated.
DO1 Professor Barth and Mr Danjou voted against the publication of Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate (Amendments to IFRS 1 First‑time Adoption of International Financial Reporting Standards and IAS 27 Consolidated and Separate Financial Statements). The reasons for their dissent are set out below.
DO2 These Board members disagree with the requirement in paragraphs 13 and 14 of IAS 27 that when a reorganisation satisfies the criteria specified in those paragraphs and the resulting new parent accounts for its investment in the original parent at cost in accordance with paragraph 10(a) of IAS 27, the new parent must measure the cost at the carrying amount of its share of the equity items shown in the separate financial statements
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