Thursday, July 3rd, 2014
In the June 2014 meeting, the IASB discussed on the scope of the research project on business combinations under common control and tentatively decided that the project should consider:
It has been tentatively been decided to give priority to considering transactions that involve third parties. , for example those undertaken in preparation for an initial public offering. This is an area of particular concern for securities regulators. Going forward in the third quarter of 2014, the IASB will discuss the accounting for transactions within the scope of the research project and will also consider further questions relating to the scope of the project.