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At its December 2021 and January 2022 meetings the International Accounting Standards Board (IASB) discussed feedback on the Discussion Paper Business Combinations under Common Control (Discussion Paper). This feedback will help the IASB decide whether and, if so, how to develop detailed proposals based on the preliminary views in the Discussion Paper.

IASB® Update November 2022

The IASB met on 22 November 2022 to discuss selecting the measurement method(s) that receiving entities would apply to business combinations under common control.

Continuing deliberations started at its June 2022 meeting, the IASB discussed:

  1. the principle for selecting which measurement method a receiving entity would apply to a business combination under common control; and
  2. whether in some circumstances—including those described in the Discussion Paper Business Combinations under Common Control—a receiving entity would be permitted or required to deviate from the principle and apply a different measurement method.

The IASB was not asked to make any decisions.

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