In connection with passing new federal law № 208-FZ of June 27 2010 «On consolidated fiscal accounting » it’s necessary to draw up consolidated fiscal statements in compliance with international standard. It is possible provided that a parent has an associate company. The article deals with 28 IAS regulations «Associate company investment», governing associate company consolidated fiscal statements; studies the regulations of the standard aforesaid on the assumption of Russian legal system; gives some examples of special features of submitting the information on associate companies to accounting and consolidated fiscal statements.