Exposure Draft and comment letters: Equity Method of Accounting—IAS 28 Investments in Associates and Joint Ventures (revised 202x)

On 19 September 2024 the International Accounting Standards Board (IASB) published Exposure Draft Equity Method of Accounting—IAS 28 Investments in Associates and Joint Ventures (revised 202x). The Exposure Draft:

• proposes amendments to IAS 28 to answer application questions about how to apply the equity method of accounting; and
• complements the proposed amendments to IAS 28 by proposing new disclosure requirements to IFRS 12 Disclosure of Interests in Other Entities and IAS 27 Separate Financial Statements.

The IASB expects the proposed amendments will reduce diversity in practice and provide users of financial statements with more comparable and useful information.

IAS 28 was first issued in 1989. The IASB has taken this opportunity to reorder the Standard in a logical and consistent way to help companies apply it.

The deadline for submitting comment letters is 20 January 2025.