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Friday 24 October 2014

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IFRS Interpretations Committee

Business Combinations: Identification of the acquirer in accordance with IFRS 3 and the parent in accordance with IFRS 10 Consolidated Financial Statements in a stapling arrangement


 Completed work - Agenda decision

IFRS 3 Business Combinations: Identification of the acquirer in accordance with IFRS 3 and the parent in accordance with IFRS 10 Consolidated Financial Statements in a stapling arrangement

The objective of this project is to clarify whether a combination of entities and businesses achieved by contract alone, such as a stapling arrangement, with no entity obtaining control, is a business combination in IFRS 3, and if so, whether an ‘acquirer’ identified for the purpose of IFRS 3 is a ‘parent’ for the purpose of IFRS 10 and should prepare consolidated financial statements of the combined entity.

Project stages