AcSB Issues Basis For Conclusions to Subsidiaries and Investments

The Accounting Standards Board has issued their Basis for Conclusions to Subsidiaries and Investments – Sections 1591 and 3051, and Clarifications to Sections 1591 and 3056, which set out how it reached its conclusions. As well, the Board shares the significant matters arising from comments received in response to its exposure draft and indicates how the Board dealt with the issues raised.