Please write the answer according to 8 marks and please cover all the requirements in this question

Transcribed image text: b. IFRS 10 and also IAS 28 detail the criteria for determining whether a company should be considered a subsidiary or an associated. A key issue is the distinction between significant influence and control. You are required to critically evaluate the effectiveness of these criteria and discuss the usefulness of consolidated financial statements to shareholders and investors. (8 Marks)