IFRS requires that Company A consolidate Company B when it controls and owns at least 50% of Company B.

Question

Quizplus · Accepted Answer

IFRS (International Financial Reporting Standards) requires that a company consolidates another company when it controls and owns at least 50% of the voting power or ownership interest in the other company. This is in accordance with IFRS 10, which provides guidance on consolidation of financial statements.

IFRS Requires That Company a Consolidate Company B When It