A Ltd is a listed public company and has an 80% controlling interest in B Pty Ltd. B Pty Ltd is the parent of C Pty Ltd. In which of the following situations will B Pty Ltd not be required to prepare consolidated financial statements?
A) If B Pty Ltd prepares separate financial statements that comply with IFRS.
B) If the other owners of B Pty Ltd have consented to the non-preparation.
C) Where it is likely that there are external users dependant on the information.
D) B Pty Ltd would never be required to prepare consolidated financial statements.
Correct Answer:
Verified
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