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:
- preceded by an external acquisition and/or followed by an external sale of one or more of the combining parties; or
- 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.
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