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Results of the HKICPA and OIC investor survey

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04 Jul 2018

The Standard Setting Department of the Hong Kong Institute of Certified Public Accountants (HKICPA) and staff of the Organismo Italiano di Contabilità (OIC) conducted a survey to understand whether investors evaluate the underlying substance of mergers and acquisitions under common control and mergers and acquisitions with third parties differently. They will present the findings of that research at the upcoming meeting of the IASB's Accounting Standards Advisory Forum (ASAF).

The survey revealed that a majority of respondents have the perception that mergers and acquisitions under common control may be different from mergers and acquisitions with third parties. However, when asked to evaluate the substance of mergers and acquisitions with third parties and mergers and acquisitions under common control as an equity investor of the acquirer, respondents indicated that some factors are commonly important in both situations. This implies that from the investors' perspective, mergers and acquisitions under common control could have similar or the same substance as mergers and acquisitions with third parties when certain factors are present in the mergers and acquisitions under common control.

Please click to access the presentation for the ASAF meeting on the IASB website.

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