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Business Combinations under Common Control - IASB

Date recorded:

At its meeting on December 13-14, 2017, the IASB tentatively decided that the scope of the project also includes transactions involving transfers of one or more businesses where all of the combining parties are ultimately controlled by the same controlling party or parties, and the transactions are:

  1. preceded by an external acquisition and/or followed by an external sale of one or more of the combining parties; or
  2. conditional on a future sale such as in an initial public offering.

The Board expects to continue its discussions on the project in early 2018.

Review the IASB Update and podcast on the IASB's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.