IFRS 10 requires consolidated financial statements using uniform accounting policies for like transactions

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IFRS 10 requires the use of uniform accounting policies for like transactions in the preparation of consolidated financial statements. This is to ensure that transactions between a parent company and its subsidiaries are accounted for consistently, providing users with a clear picture of the financial performance and position of the group as a whole.

IFRS 10 Requires Consolidated Financial Statements Using Uniform Accounting Policies