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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

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