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Understanding Control in Consolidation Accounting: What Activities Determine Investor Influence Over Investees?
When assessing whether an investor has power over an investee, identifying the investee's relevant activities is a critical concept. Which of the following is not a common relevant activity? Determining a funding structure or obtaining funding Making capital decisions of the investee, including budgets Selecting, acquiring or disposing of assets Selecting the independent audit firm

Selecting the independent audit firm is not a common relevant activity when assessing whether an investor has power over an investee for the purpose of determining control. Relevant activities typically relate to the investee's operations and financial performance. Determining a funding structure or obtaining funding, making capital decisions such as budgets, and selecting, acquiring, or disposing of assets are all activities that can significantly impact an investee's return. On the other hand, selecting an independent audit firm, while important for corporate governance, is not considered a relevant activity in the context of control assessment, as it does not directly affect the investee's strategic direction or financial results.