The new IFRS for SMEs (Third Edition) – Section 9: Consolidated and Separate Financial Statements

  • Presenter: Anton van Wyk CA(SA)
  • Level: Advanced
  • Study time: 2 Hours
  • Date: 12 May 2026
    08:00 - 10:00 
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Course overview
Group structures are no longer “complex only for big entities”—many SMEs now have subsidiaries, holding companies, and layered ownership arrangements. In this second webinar of our 2026 IFRS for SMEs Series, we unpack the key amendments to Section 9 introduced in the Third Edition of the IFRS for SMEs Accounting Standard (issued 27 February 2025) and what they mean in practice for preparers, reviewers, and practitioners. We focus on what has changed in when consolidation is required, including updates that draw more directly from the (full) IFRS 10 control model (while still keeping the SME simplifications). We also highlight practical implications of new/clarified requirements, such as enhanced disclosure expectations when an entity loses control of a subsidiary but retains an interest and clarified guidance around when an exempt parent may present separate financial statements as its only financial statements. If you work with SME group structures, this session will help you stay current, avoid common consolidation missteps, and confidently apply the revised Section 9 ahead of the Third Edition’s effective date (annual periods beginning on or after 1 January 2027, early adoption permitted).

In completing this learning engagement, you will have developed the following professional competencies indicated in the green section below:

What's included?

  • 1 Live event
  • 1 Quiz
  • 1 Certificate

New IFRS for SMEs Consolidated and Separate Financial Statements

Link with SAICA Competency Framework

  • Competencies covered in Technical competencies group, Enabling and future competency group and Professional values and attitudes competencies group