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IFRS® Accounting Standards

Business Combinations under Common Control

Summary

The Accounting Standards Board (AcSB) is monitoring the International Accounting Standards Board’s (IASB) Business Combinations under Common Control project.

IFRS® Accounting Standards do not specify how to account for combinations of companies or businesses controlled by the same party. As a result, companies account for such transactions in different ways, which makes it difficult for investors and regulators to compare the effects of those transactions on companies' financial positions and performances.

The IASB explored whether to develop requirements for reporting business combinations under common control. In November 2023, the IASB decided to discontinue the project.

Refer to the IASB Business Combinations under Common Control project page for more information. 

 

Staff Contact(s)

Mark Squire, CPA, CA Principal, Accounting Standards Board

Phone number  +1 647 264 3810
Email address  [email protected]
Andrew White, CPA, CA Associate Director, Accounting Standards Board

Phone number  +1 416 204 3487
Email address  [email protected]

Project Status

  • Information gathering

    Completed before June 2014

  • Approving project

    The IASB approved a project in June 2014

  • Engaging Communities

    IASB Discussion Paper issued in November 2020

  • Deliberating feedback

    IASB deliberated feedback on its Discussion Paper

    The IASB decided to discontinue the project in November 2023

  • Final pronouncement
Disclaimer

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal voting process.