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Status of IASB's revised IFRS 3 on business combinations

  • IASB (International Accounting Standards Board) (blue) Image

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.

 

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.