IASB Roundtable on Exposure Draft Investment Entities

The IASB on 27 March 2012 held a roundtable meeting in Shangri-La Hotel Kuala Lumpur on its Exposure Draft Investment Entities. 25 participants attended the roundtable meeting, including IASB members and staff, US Financial Accounting Standards Board (FASB) members, other standard-setting bodies, investors, preparers, auditors and regulators.

The roundtable meeting discussions focused on the following issues:

  • The form of an exception to consolidation guidance
  • Criteria to be an investment entity
  • Investment entity accounting for controlled investees and related disclosure
  • Accounting by a noninvestment entity parent of an investment entity subsidiary