BC28 IFRS 19 is available only to subsidiaries of a parent that produces consolidated financial statements that comply with IFRS Accounting Standards. This eligibility is set out in paragraph 7(c) of IFRS 19, which is based on the requirements in paragraph 4(a)(iv) of IFRS 10 Consolidated Financial Statements. For example, if a subsidiary without public accountability, Entity A, is also a parent and neither its ultimate parent nor any intermediate parent produces consolidated financial statements applying IFRS Accounting Standards, Entity A would not meet the requirements for the exemption in paragraph 4(a) of IFRS 10. Entity A would therefore be required to prepare consolidated financial statements. If these consolidated financial statements are prepared applying IFRS Accounting Standards and available for public use, then subsidiaries of Entity A that do not have public accountability are eligible to apply IFRS 19.