IFRS 10: Consolidated Financial Statements
Single control-based model for consolidation. Defines control and provides guidance on its application.
Why IFRS 10 matters
Control assessments over partially-owned entities, SPVs, and investment vehicles drive group-audit scoping.
Framework: International Financial Reporting Standards (IFRS)
IFRS are issued by the IFRS Foundation and used by Canadian publicly accountable enterprises as required by Part I of the CPA Canada Handbook. Auditors test whether the financial statements comply with IFRS as issued by the IASB.
Primary source: IFRS Foundation
Frequently asked
What is IFRS 10?
Single control-based model for consolidation. Defines control and provides guidance on its application.
Why does IFRS 10 matter for an audit?
Control assessments over partially-owned entities, SPVs, and investment vehicles drive group-audit scoping.
Which framework does IFRS 10 belong to?
IFRS 10 falls under International Financial Reporting Standards (IFRS). IFRS are issued by the IFRS Foundation and used by Canadian publicly accountable enterprises as required by Part I of the CPA Canada Handbook. Auditors test whether the financial statements comply with IFRS as issued by the IASB.
Related standards — International Financial Reporting Standards (IFRS)
See how Auditus checks IFRS 10
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