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The IASB has issued a discussion paper DP/2020/2 ‘Business Combinations under Common Control’ for public consultation on possible accounting requirements of acquisitions involving the same group. These acquisitions are commonly known as business combinations under common control (BCUCC).
The discussion paper is open for comment for 270 days (extended from its usual 180 day period due to COVID-19) until 1 September 2021 and we will be responding.
Refer to our IFRS Alert-11 Discussion paper ‘Business Combinations under Common Control’ for more details on the IASB’s preliminary views.