When one company controls another company, IFRS requires that their financial statements to be:

Question

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When one company controls another company, IFRS requires that their financial statements be consolidated. This means that the financial statements of the parent company and its subsidiaries are combined into one set of financial statements. Consolidation is necessary to provide a complete picture of the financial position and performance of the group as a whole.

When One Company Controls Another Company, IFRS Requires That Their