The Accounting Standards Board (AcSB) is monitoring the International Accounting Standards Board’s (IASB) Business combinations under common control project.
IFRS® Standards do not specify how to account for combinations of companies or businesses controlled by the same party. As a result, companies account for such transactions in different ways, which makes it difficult for investors and regulators to compare the effects of those transactions on companies' financial positions and performances.
The IASB is developing requirements that would improve the comparability and transparency of accounting for combinations under common control to help investors compare and better understand information that companies provide in financial statements about such transactions.
Refer to the IASB Business Combinations under Common Control project page for more information.