Match the reporting procedure with level of control correct
-IFRS 10 - Consolidation
A) Joint Control
B) Lack of significant Influence
C) Control alone
D) Significant influence

Question

Quizplus · Accepted Answer

IFRS 10 - Consolidation is specifically concerned with entities that control one or more other entities. Control alone (C) is the level of control relevant to IFRS 10, as it deals with situations where an entity has the power to govern the financial and operating policies of another entity so as to benefit from its activities.

Match the Reporting Procedure with Level of Control Correct