Global Standards for the world economy

Wednesday 15 July 2020

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Business combinations

Exposure drafts and comment letters

Proposed Amendments to IFRS 3 Business Combinations

The proposals include a draft standard that the boards have developed in their first major joint project. The objective of the project is to develop a single high quality standard for accounting for business combinations that could be used for both domestic and cross-border financial reporting.

The proposed standard would replace the existing requirements of the IASB's IFRS 3 Business Combinations and the FASB's Statement 141 Business Combinations.

View the Exposure Draft and comment letters.

Proposed Amendments to IAS 27 Consolidated and Separate Financial Statements


The Board's intention in developing this Exposure Draft was to reflect only those changes related to its decisions in the second phase of the Business Combinations project, and not to reconsider all of the requirements in IAS 27.

The changes proposed to IAS 27 were concerned primarily with accounting for increases and decreases in ownership interests in subsidiaries after control is obtained and accounting for the loss of control of subsidiaries.



Further information


Further information