Welcome to the website of the IFRS Foundation and the IASB

Saturday 19 April 2014

Banner graphic

Work plan for IFRSs

Common Control Transactions

Business transactions under common control (Paused)


Project milestones

Business combinations under common control are excluded from the scope of IFRS 3 Business Combinations. As a consequence, the accounting for those transactions diverges in practice. A project on common control transactions would examine the definition of common control and the methods of accounting for business combinations under common control—in the acquirer’s consolidated and separate financial statements. The project would also consider the accounting for demergers, such as the spin-off of a subsidiary or business.


Last IASB meeting update

The project has been paused.

Click here to view the full update and to access all previous IASB updates on this project.

Click here to listen to the IASB meeting audio playback.


Next discussion by the IASB

In the light of other priorities, the Board paused the project and directed the staff to consider at a later date whether it should resume its work on common control transactions. The date is yet to be confirmed.


Page last updated: 16 August 2010


Project contacts

Leonardo Piombino
Visiting Fellow
email: lpiombino@ifrs.org