in IFRS 10 - Consolidated Financial Statements by
What happens on consolidation when a parent uses IFRS and subsidiary uses ASPE. Does the subsidiary need to convert to IFRS --- or can subsidiary still report under ASPE? If subsidiary is still able to report under ASPE does subsidiary prepare an additional set of financials for consolidation purposes where all accounting policies are consistent?

IFRS 10.19 - I am having trouble interpreting this.

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by Level 2 Member (3.6k points)
Did you refer to B87? - If a member of the group uses accounting policies other than those adopted in the consolidated financial statements for like transactions and events in similar circumstances, appropriate adjustments are made to that group member’s financial statements in preparing the consolidated financial statements to ensure conformity with the group’s accounting policies.

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