IFRS compliance checklist
Checklist item |
Responsible |
|---|---|
Control-based consolidation applied per IFRS 10 (power + returns + ability all confirmed) |
Group consolidation team |
Acquisition method applied for all business combinations (IFRS 3) |
Group consolidation team |
Goodwill — impairment test run annually (no scheduled amortization) |
Group consolidation team |
Bargain purchase recognized immediately in P&L (IFRS 3.34) |
Group consolidation team |
NCI measurement method confirmed (full or partial goodwill) |
Group consolidation team |
Equity method applied for joint ventures (not proportional — IFRS 11) |
Group consolidation team |
Balance sheet accounts translated at END — RATETYPE = END |
System administrator |
P&L accounts translated at AVG — RATETYPE = AVG |
System administrator |
Equity accounts translated at HISTAVG — not opening rate |
System administrator |
FCTR posted to OCI (not directly within equity as under HGB) |
Group consolidation team |
FCTR reclassification on disposal configured (IAS 21.48) |
System administrator |
Deferred tax recognized on all PPA items (IAS 12 — no goodwill carve-out) |
Group consolidation team |
Statement of Financial Position passes control check |
Group consolidation team |
Statement of P&L and OCI reviewed and approved |
Finance controller |
Finance controller has formally approved consolidated statements |
Finance controller |