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1015
Business Combinations Project, IASB and FASB
ifrsintro-a15

Revisions in IFRSs
In January 2008
FRS 3, Business combinations, was revised
IAS 27, Consolidated and separate financial statements, was amended
As part of business combinations project

Revisions in U.S. GAAP
In December 2007
FASB issued FASB Statement No. 141(R), Business combinations
141(R) replaced Statement No. 141, issued in June 2001

In December 2007
FASB issued FASB Statement No. 160,
"Noncontrolling Interests in Consolidated Financial Statements
- an amendment of ARB No. 51"
 
   
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