PERIMETER OF CONSOLIDATION: CONVERGING REGULATIONS AND NATIONAL EFFECTS

Chiara Saccon
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Chiara Saccon: Ca’ Foscari University of Venice, Italy

Revista Economica, 2008, vol. 40, issue 3, 75-88

Abstract: Various regulations governing group accounts are moving towards an entity view of the group structure. Two common paths have been identified: the widening of the concept of control (from de iure to de facto control) and the progressive inclusion of subsidiaries in the consolidated accounts. Latest modifications in the Seventh directive and IAS 27 take this direction. To some extent these can be seen as antiavoidance interventions; furthermore some were needed in order to harmonise practices internationally. As a result the perimeter of consolidation, that is subsidiaries fully consolidated in group accounts, becomes greater. The paper tries to highlight analogies and differences in the process of changing regulation and to identify their national implications in the Italian context.

Keywords: control; consolidated accounts (search for similar items in EconPapers)
Date: 2008
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