The introduction of the new consolidation package: what impacts on the practice of consolidation of Moroccan companies?

Following the publication of the new IFRS 10, 11, 12, as well as the revised IAS 27, and 28, practitioners have faced new changes in the concepts and methods of preparing and presenting consolidated financial statements. Indeed, the change in the definition of control in IFRS 10 has been a challenge for consolidators who should define the scope of consolidation in a new way based on the new criteria defined by the standard. Similarly, the introduction of the new "line-by-line" method by IFRS 11 and the abolition of the proportional consolidation method has impacted the consolidated financial statements in a positive (or a negative) way. Finally, IFRS 12 required the presentation of new data and statements, thus requiring a huge change in the information system, and the reporting system. After presenting a literature review of the different standards of the new consolidation package, we have been able to provide the hypothesis that should be confirmed or refuted using the results of our study. In this manner, we conducted a study based on an exploratory methodology using an online survey. This method allowed us to collect 17 responses from academics, consolidators, financial managers.... The results of our research showed that the subject of the consolidation accounting, through the use of international financial standards IAS/IFRS, is little known by Moroccan companies and by academics, which made it difficult to present effective and generalizable conclusions.