Post-implementation review — IFRS 3
The IASB carries out a post-implementation review of each new IFRS or major amendment. This is normally carried out two years after the new requirements have become mandatory and been implemented.
The objectives of a post-implementation review, according to the IASB's Due Process Handbook, are:
- to review the important issues that had been identified as contentious during the development of the pronouncement
- to consider any unexpected costs or implementation problems that have been encountered.
This page covers the IASB's post-implementation review of IFRS 3 Business Combinations.
Current status of the project
The post-implementation review process for IFRS 3 has not formally commenced. The current IASB work plan indicates the review will be initiated in the second or third quarter of 2013.
|October 2011||IFRS 3 post-implementation review added to the IASB agenda
||Originally expected to commence during 2012|