This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Combinations of businesses under common control—one size does not fit all

  • IFRS - IASB Image

Jun 29, 2020

On June 29, 2020, the In­ter­na­tional Ac­count­ing Stan­dards Board (IASB) is­sued an Update, prepared by departing Board member Gary Kabureck, which summarizes and discusses the preliminary views that the Board has reached in its project on how to account for combinations of businesses under common control.

The International Accounting Standards Board (Board) is carrying out a research project to consider filling a gap in IFRS Standards by improving the comparability and transparency of reporting on combinations of businesses under common control. IFRS 3, Business Combinations, covers how to account for mergers and acquisitions between unrelated parties but it does not cover combinations of businesses under common control.

The Board plans to publish a discussion paper to seek public feedback on its views later this year.

For more in­for­ma­tion, see the Update on the IASB’s web­site.

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.