To obtain significant influence of an investee company, an investor must acquire more than 20% of the outstanding voting shares of the investee.

Question

Quizplus · Accepted Answer

According to International Financial Reporting Standards (IFRS), an investor must acquire more than 20% of the outstanding voting shares of the investee to obtain significant influence over the investee company.

To Obtain Significant Influence of an Investee Company, an Investor