Status of IASB's revised IFRS 3 on business combinations

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08 Dec 2007

The IASB has completed the second phase of the Business Combinations Project, the main outputs of which are a revised version of IFRS 3 Business Combinations and an amended version of IAS 27 Consolidated and Separate Financial Statements.

The effective date for application of the new requirements is 1 July 2009. The Board expects to publish the documents on 10 January 2008. At that time the Board will also publish a project feedback statement, which summarises the main comments received on the related exposure drafts and explains how those comments affected the Board's thinking and the final documents.


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