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XYZ Group implements RPA to assist Ind AS 110 consolidation across multiple subsidiaries. Which of the following best describes the role of RPA in this context?
ARPA bots replace Ind AS 110 with internal IFRS standards once they are deployed
BRPA replaces the requirement to perform consolidation under Ind AS 110 by directly preparing a single ledger
CRPA bots are used only for currency conversion; intercompany elimination must still be done manually for control reasons
DRPA bots extract subsidiary data, perform currency conversion, identify and eliminate intercompany transactions and generate consolidated statements, but the underlying Ind AS 110 consolidation procedures remain
Answer & Solution
Correct answer: D. RPA bots extract subsidiary data, perform currency conversion, identify and eliminate intercompany transactions and generate consolidated statements, but the underlying Ind AS 110 consolidation procedures remain
RPA automates the extraction, FX translation, intercompany identification and elimination, and report generation. The Ind AS 110 framework (control, line-by-line consolidation, NCI computation) continues to govern; RPA simply executes the steps with fewer errors.
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