CATEGORIES
- (4) Negotiating Tax Debt and Payment Arrangements with SARS
- (2)Account / Profile
- (551)Accounting
- (2)Accounting and Finance
- (29)Audit
- (156)Auditing and Assurance
- (1)Business
- (1)Business Management
- (3)Business Rescue
- (102)CIPC
- (7)Compliance
- (18)Ethics and Professionalism
- (46)Financial Reporting
- (1)Government Funding Applications
- (4)Guides
- (1)Individuals Tax
- (28)Law
- (37)Legal and Compliance
- (2)Management
- (13)Miscellaneous
- (29)Money Laundering
- (1)Personal & Professional Development
- (2)Practice Management
- (2)Professional Ethics
- (3)Public Sector
- (145)Regulatory Compliance and Legislation
- (41)SARS Issues
- (29)Sustainability Reporting
- (42)Tax
- (1)Tax Update
- (9)Technology
- (1)Wills, Estates & Trusts
- Show All
Reduced disclosure requirements for subsidiaries
- 30 August 2021
- Financial Reporting
- South African Accounting Academy
The proposed Standard would be available to subsidiaries without public accountability—companies that are not financial institutions or listed on a stock exchange—whose parent company prepares consolidated financial statements applying IFRS Standards.
These subsidiaries report to their parent company for consolidation purposes applying IFRS Standards. Electing to apply the proposed Standard would enable them to also use IFRS Standards when preparing their own financial statements but with reduced disclosures.
The proposals would save subsidiaries time and money.
The deadline for comments is 31 January 2022.
Click here to download:
- 82-page Exposure Draft: https://www.ifrs.org/content/dam/ifrs/project/subsidiaries-smes/ed2021-7-swpa-d.pdf
- 12-page Snapshot (overview) of the proposals: https://www.ifrs.org/content/dam/ifrs/project/subsidiaries-smes/snapshot-swpad-july-2021.pdf
Get all your CPD online. SA Accounting Academy (SAAA) offers Subscription Plans, Live Webinars, Webinars On-Demand, Access to Experts, Courses, Articles and more: https://cpd.accountingacademy.co.za.
Our Content
Live Webinars
View upcoming live accounting and practice management webinars.
Learn MoreWebinars On-Demand
Browse our extensive range of relevant accounting and practice management webinars.
Learn MoreCourse
Browse our relevant and practical online courses.
Learn MoreCPD Subscription Plans
Access to professional and technical content that ensures both your knowledge and skills are maintained.
Learn MoreLegislation
Access updated legislation including amendments.
Learn MoreTechnical FAQs
A source of commonly asked technical accounting questions.
Learn More