IASB publishes Discussion Paper on Business Combinations under Common Control

On November 30, 2020, the IASB published a discussion paper on ‘Business Combinations under Common Control’ (further information). The discussion paper (DP/2020/2) presents the Boards preliminary views formed as part of the IASB’s research project, which was started in 2012. Currently, business combinations under common control are not in the scope of the requirements for business combinations (IFRS 3), thus a gap in the requirements exists which is to be addressed by the research project.

The comment period for the discussion paper ends on September 1, 2021.