Report on the European outreach event on the discussion papers 'Business Combinations Under Common Control' and 'Improving Financial Reporting of Income Tax' in Vienna
Jun 01, 2012
The European Financial Reporting Advisory Group (EFRAG) has posted to its website a feedback statement reflecting input received in the EFRAG - UK ASB - OIC event on the discussion papers 'Business Combinations Under Common Control' and 'Improving Financial Reporting of Income Tax' held on 18 April 2012 in Vienna.
The outreach event was part of a series of events held in various European cities in order to hear what practitioners and others thought about the topics considered in the discussion papers on business combinations under common control (published in October 2011) and improving the financial reporting of income tax (published in December 2011).
The discussion in Austria was hosted by the Austrian standard setter Austrian Financial Reporting and Auditing Committee (AFRAC). It included a summary of the tentative conclusions reached at AFRAC level regarding the BCUCC DP which will be included in their comment letter.
Please click for access to the report on the EFRAG website summarising all contributions to the discussion. Reports from the other outreach events of the series are currently also being made available. Please click for the reports from London (16 April), Amsterdam (17 April) and Warsaw (15 May).
The input received during the outreach events and the comment letters on the discussion papers will form the basis for EFRAG’s re-deliberation of the issues. EFRAG will then decide about what further steps need to be taken before putting forward views to the IASB.