CERTYNEX IFRS ACADEMY

Aurora Gestion exercises decision-making rights delegated to it over a fund. Its remuneration is commensurate with the services provided and the remuneration agreement includes only terms, conditions and amounts customarily present for similar services negotiated on an arm's length basis (case facts). What can be concluded under IFRS 10?

Aurora is an agent: these two conditions are enough, on their own, to conclude so.

These two conditions are necessary for Aurora to be an agent, but not sufficient on their own: the principal / agent analysis continues.

Aurora controls the fund, since it exercises the decision-making rights.

Remuneration has no bearing on the principal / agent analysis.