Loss of control in subsidiaries as well as significant influence in associates can be voluntary or otherwise but what is certain is that there are prescribed accounting procedures which must be adhered to as dictated by relevant International Financial Reporting Standards (IFRSs) to ensure that...

It is naturally expected that a listed parent company which depends on the profits from its listed subsidiaries should mirror the activities of listed subsidiaries as far as the market share price is concerned. Persistent stunted market share price growth for a material listed subsidiary would...

Group of companies usually have significant wealth and influence in any given economy and one of the requirements to monitor their activities is through requirement to produce group accounts as dictated by statutory provisions such as the Companies Act and relevant accounting standards. This is...