INTERNATIONAL TECHNICAL UPDATE – IASB CONSULTS ON IN-GROUP MERGER ACCOUNTING STANDARDS
December 2nd, 2020
The International Accounting Standards Board (IASB) is consulting on proposed new accounting requirements for mergers and acquisitions involving companies within the same group. At present IFRS 3 on business combinations covers mergers and acquisitions involving third party-owned businesses, not intra-group deals. So, some companies provide fair-value information about an acquired in-group company; others book-value information, which varies in scope and can be insufficient. Now the IASB wants fair-value information provided for deals that affect external ...
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