IASB reviews IFRS 3: Business Combinations

Released 26 June 2020

The International Accounting Standards Board (IASB) is carrying out a research project to consider filling a gap in IFRS 3: Business Combinations, by improving the comparability and transparency of reporting on combinations of businesses under common control.

IFRS 3 covers how to account for mergers and acquisitions between unrelated parties but it does not cover combinations of businesses under common control.

The Board plans to publish a discussion paper to seek public feedback on its views later this year.

Further information can be found at https://cdn.ifrs.org/-/media/project/business-combinations-under-common-control/inbrief-combs-of-businesses-june-2020.pdf?la=en.

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