IFRS 19 Subsidiaries without Public Accountability: Disclosures
Eligibility requires the subsidiary to lack public accountability and to have an ultimate or intermediate parent that produces publicly available consolidated financial statements complying with IFRS Accounting Standards. Applying IFRS 19 is an election, subject to its detailed requirements. The standard substitutes specified disclosure requirements; it is not a change to the measurement model or a general exemption from all disclosure.
Worked example
A wholly owned subsidiary has no public accountability and its parent publishes IFRS-compliant consolidated statements available for public use. If all eligibility conditions are met and the subsidiary elects IFRS 19, it applies the standard’s specified reduced disclosures in its own financial statements.
Common mistake
Assuming every subsidiary qualifies, or using IFRS 19 to change recognition and measurement requirements.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | SBR | Direct | September 2026–June 2027 |