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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 www.iasb.org.