AASB 12 - Disclosure of Interests in Other Entities - August 2011
cOMPARISON WITH IFRS 12cOMPARISON WITH IFRS 12
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cOMPARISON WITH IFRS 12
AASB 12 Disclosure of Interests in Other Entities as amended incorporates IFRS 12 Disclosure of Interests in Other Entities as issued and amended by the International Accounting Standards Board (IASB). Paragraphs that have been added to this Standard (and do not appear in the text of IFRS 12) are identified with the prefix “Aus”, followed by the number of the preceding IASB paragraph and decimal numbering.
Entities that comply with AASB 12 as amended will simultaneously be in compliance with IFRS 12 as amended, with the exception of entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements.