A controlling entity elected, in accordance with paragraph 5 of IPSAS 35, not to prepare consolidated financial statements and instead prepare a set of separate financial statements. What is the entity required to disclose in accordance with IPSAS 34 'Separate financial statements'? Please select the right answer. Sorry, your answer was not correct! A list of significant investments in controlled entities, joint ventures and associates. The fact that the financial statements are separate financial statements. The fact that the exemption from consolidation has been used; the name of the entity whose consolidated financial statements that comply with IPSASS have been produced for public use; and the address where those consolidated financial statements are obtainable. All of the above are disclosure requirements under IPSAS 34. 16/25 Question Previous Next