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Business Combinations under Common Control - IASB

Date recorded:

At its meeting on October 25, 2017, the IASB discussed the scope of the Business Combinations under Common Control (BCUCC) research project.

The Board tentatively decided to clarify that the scope of the BCUCC project includes transactions under common control in which a reporting entity obtains control of one or more businesses, regardless of whether IFRS 3, Business Combinations would identify the reporting entity as the acquirer if IFRS 3 were applied to the transaction.

The Board expects to continue its deliberations on the project in December.

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

Correction list for hyphenation

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