IFRS 3 Business Combinations - Definition of a business - IASB

Date recorded:

At its meeting on June 21-22, 2017, the IASB resumed its discussions on the comments received on the Exposure Draft Definition of a Business and Accounting for Previously Held Interests (ED). The Board made a number of tentative decisions. The Board will discuss a comparison between the FASB Accounting Standards Update 2017–01 Clarifying the Definition of a Business and the draft amendments to IFRS 3 at a future meeting. At that meeting, the Board will receive a request from staff for permission to begin drafting the final amendments.

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


Correction list for hyphenation

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