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AcSB Response – Business Combinations under Common Control

  • IFRS - AcSB Image

Sep 07, 2021

On August 25, 2021, the Accounting Standards Board (AcSB) responded to the IASB’s Discussion Paper, issued in November 2020.

The AcSB’s letter generally supports the proposed accounting model for business combinations under common control as it will increase the usefulness, understandability, and comparability of an entity’s financial statements. The letter provides suggestions in certain areas to ease concerns with applying the proposals.

Review the letter 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.