At the recent Second Annual Conference on the Art and Science of Business Valuation, conference co-chair Joel M. DiCicco, Ph.D. (Center for International Business Valuation), informed the audience that the International Accounting Standards Board (IASB) has begun a consultation process for possible changes in the accounting standards for mergers and acquisitions involving companies within the same group. DiCicco noted that some companies report fair value information about the acquired company, but others report only book value information. This diversity in practice makes it hard for investors to understand the effects of such transactions and hinders comparisons, he pointed out. For more information on the discussion paper, “Business Combinations Under Common Control,” click here. The deadline for comments is Sept. 1, 2021.