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The International Accounting Standards Board (IASB) has published a document that sets out the proposed Section 19 Business Combinations and Goodwill without any mark-ups to make it more readable for those wishing to comment on the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard.

The IASB is proposing amendments to Section 19 to align with the acquisition method of accounting in IFRS 3 Business Combinations. The text of Section 19 in the Exposure Draft is extensively marked-up with requirements struck through that the IASB is proposing to remove or replace; requirements underlined that the IASB is newly proposing; and requirements shaded in grey that are unaffected by the proposals.

Stakeholders can submit feedback on the proposals until 7 March 2023 via:

  • a comment letter; or
  • a comment letter drafted using the optional response document.

If you choose to use the optional response document as an alternative to a comment letter, please convert it to a PDF before submitting.

Followable tags

Accounting consultative documents
IFRS Accounting Standards development
IFRS 3 Business Combinations
The IFRS for SMEs Accounting Standard