Global standard setters published proposals Thursday to change accounting for joint ventures so that it’s clearer when they can value associated companies at fair, or market, value.
The International Accounting Standards Board asked for public comments on the proposed changes to IAS 28 Investments in Associates and Joint Ventures by April 20. This is shorter than the board’s normal 120-day comment period because it wants the changes to be in place by the beginning of 2027, when a broader new standard—IFRS 18 Presentation and Disclosure in Financial Statements—takes effect.
- The proposed changes for joint ventures were designed to tackle “diversity” ...