AcSB Exposure Draft – Improvements to Accounting for Common Control Combinations
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.
