Business combinations under common control – let’s do it this way!
The IASB has issued for comment a discussion paper Business Combinations under Common Control, with comments requested by September 1, 2021. Here’s some of how the accompanying news release summed that up: IFRS 3 Business Combinations set outs reporting requirements for mergers and acquisitions—referred to as business combinations in IFRS Standards. However, that Standard does not specify…