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22/04/2020 - EFRAG Endorsement Status Report - Update

​The endorsement by the European Commission of Amendments to IFRS 3 Business Combinations: Definition of a business combination is now reflected in the Endorsement Status Report.

The European Union has published a Commission Regulation endorsing the Amendments to IFRS 3 Business Combinations: definition of a business combination. The Amendments are effective for annual periods beginning on or after 1 January 2020.

The objective of the Amendments is to assist entities to determine whether a transaction should be accounted for as a business combination or as an asset acquisition.

Link to the publication in the Official Journal of the European Union:

The updated EFRAG Endorsement Status Report can be downloaded below and under the menu 'Endorsement Status'.