Consolidation of financial statement

Stat Audit 541 views 1 replies

Under what circumstances the holding company is exempted from the consolidation of the financial statements of its foreign subsidiary. 

Replies (1)

As per the conditioned mentioned in AS 21 as:-

1.Long term restriction on fund transferrability

2.Not exercisiing of significant influence and control

3.Holding companie's plan to dispose subsidiary in coming period 


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