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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › about IFRS10
question Exemptions from preparation of financial statements and reasons directors may wish to exclude subsidiaries from consolidation
IFRS5, Immaterial, loss of effective control
Losses in subsidiary, insolvency of subsidiary, subsidiary involved in “non-politically correct” activities ( eg animal testing ), expense > benefit, undue delay, even dissimilar activities. But NONE of those is an acceptable reason for exclusion from the consolidation
