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investment in associate - saba786 - 01-29-2011
AOA all
Does IAS 28 shall apply to the medium sized entity or this investment would be treated in accordance with section 16"investment" of Accounting & financial reporting standards for MSEs. Whereby the framework says that where an entity has a transaction that falls outside this standard it's suggested that the preparer luks for guidance within IFRS.
Regards
- Dard - 01-29-2011
Where are you located? If your company falls under Small or Medium Size in Pakistan, then follow Institute of Chartered Accountants of Pakistan's reporting Standards for SMEs