CPA AFR – Determining the “control” of another entity

Determining the “control” of another entity

To determine control, an entity shall assess whether it has all the following;

  • Power over the other entity
  • Rights to variable benefits from its involvement with the other entities
  • The ability to use its power over the other entity to affect the nature or amount of the benefit from its involvement with the other entity

Leave a Reply

Your email address will not be published. Required fields are marked *