AcSB Exposure Draft – Improvements to Accounting for Common Control Combinations

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Nov 01, 2022

On November 1, 2022, the Accounting Standards Board (AcSB) released proposed amendments to "Related Party Transactions", Section 3840. The proposed amendments address accounting for a combination between enterprises or businesses under common control and financial assets acquired or financial liabilities assumed in a combination between enterprises under common control. Comments are requested by January 31, 2023.

Review the exposure draft on the AcSB's website.

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