IFRS 10 Consolidated Financial Statements is a relatively new standard on control. It was issued on 12 May 2011 which replaced IAS 27 Consolidated and Separate Financial Statements and SIC-12 Consolidation - Special Purpose Entities. Assume IFRS 10 was in force, discuss how the application of its principles could have benefitted the users of Kanebos financial statements. Support your discussion with examples from the case, other literature reviews and/or publications.