Users and regulators often require companies to provide combined and/or carve-out financial statements because they can provide meaningful, relevant and useful information. But preparing them can be challenging and require considerable judgement.
What's the issue?
Combined and/or carve-out financial statements are not addressed specifically in IFRS庐 Standards, which has caused local practices to develop, often through discussions with regulators.
This global diversity in practice means that management face unique challenges when preparing combined and/or carve-out financial statements and often need to apply significant judgement.
Find out more 鈥� Read our guide
This updated publication shares our practical experience and observations to help you when preparing combined and/or carve-out financial statements. It also highlights where there is consistency and diversity in applying IFRS Standards and the approaches we have seen in practice.
