IASB proposes amendments to IAS 27 to allow equity method


Narrow-scope amendments to IAS 27 proposed Monday by the International Accounting Standards Board (IASB) would allow entities to use the equity method to account for investments in subsidiaries, joint ventures, and associates in their separate (parent-only) financial statements.

The proposed changes are designed to reduce compliance costs while providing information that will aid in assessment of the investor’s net assets and profit or loss.

Public comment on the exposure draft, Equity Method in Separate Financial Statements, can be made through Feb. 3 at the IASB’s website.

Ken Tysiac ( ktysiac@aicpa.org ) is a JofA senior editor.


Year-end tax planning strategies

Practitioners should consider the timing of income and deductions, avoiding the net investment income tax, donating to charity, and planning for retirement.


Effortless payroll service offerings

In this special focus report, experts explain how payroll providers can help CPAs help their clients. Sponsored by Paychex, Intuit, SurePayroll, ADP, BenefitMall and AccountantsWorld.


Return due dates changed in highway funding bill

The federal highway funding extension bill signed into law on July 31 contains several tax provisions, including changing the due dates for partnership, S corporation, and corporate tax returns.