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What will be the requirements with respect to financial statements of subsidiaries, joint ventures and associates?

April 26, 2017Associates financial statements Joint requirements respect subsidiaries ventures

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What will be the requirements with respect to financial statements of subsidiaries, joint ventures and associates?

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The companies covered in a particular phase having subsidiaries, joint ventures or associates not covered in that phase or phases will prepare their consolidated financial statements according to the first set of Accounting Standards, that is, the Converged Accounting Standards.