Date: 02 September 2021
The UK Endorsement Board comment letter on IASB’s discussion paper Business Combinations Under Common Control (BCUCC) has now been published and can be found here. The BCUCC feedback statement can be found here. The comment letter was broadly supportive of the IASB proposals, but recommended that those using the book value method should have the option to use the acquisition method of accounting, that the use of parent company valuations should be permitted when using the book value method, and highlighted a number of practical issues. Thank you to all who participated in this project.