OIC publishes its comment letter to IASB Amendments to IAS 28.

OIC supports the proposed amendments and they would address stakeholders’ concerns about potential diversity in interpreting the notion of “similar entities” once IFRS 18 Presentation and Disclosure in Financial Statements becomes effective on 1 January 2027.

It is important for the IASB to finalise the amendments as a matter of urgency and concur with EFRAG’s recommendation that, in its forthcoming agenda consultation, the IASB consider seeking stakeholders’ views on introducing an unrestricted fair value option for all entities, as this would represent a more principle-based approach.

Attached the document.