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Business Combinations Project

Thursday, January 10, 2008

On January 10, 2008, the IASB issued two standards, IFRS # 3, “Business Combinations” (revised version) and IAS #27, “Consolidated and Separate Financial Statements” (amended version). The standards were issued as a result of the IASB’s involvement with a joint project with the Financial Accounting Standards Board (FASB) to address issues related to Business Combinations. Information about access to the standards can be found on the IASB’s website at