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 (http://www2.deloitte.com/ca/en/legal/cookies.html) 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.

Related Party Combinations [Research]

Next steps:

To be determined

Last updated:

March 2019

Overview

At its meet­ing on March 6-7, 2019, the AcSB discussed a project proposal to research related party combinations. The Board approved the project and decided that the research should include business combinations under common control, business combinations not under common control and combinations not considered a business (i.e., acquisitions of assets). It also decided that the research should focus on better understanding the types and purpose for different types of related party combinations, and the challenges with accounting for these transactions.

The AcSB directed the staff to form a working group of tax and assurance practitioners from across Canada that specialize in these transactions to assist in the research activities.

The AcSB also considered the interaction between this research project and its current combinations project for not-for-profit organizations. Accordingly, the Board directed the staff to include related party combinations that occur between not-for-profit organizations within the scope of this project’s research activities.

 

Other developments

March 2019

At its meet­ing on March 6-7, 2019, the AcSB ap­proved a pro­ject to research related party combinations.

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.