EFRAG and OIC have organized an outreach on discussion papers Business Combination under Common Control and Improving the Financial Reporting of Income Tax. The event will take place on 15 March 2012, in Milan, from 2pm to 6pm

In October and in December 2011 EFRAG issued two Discussion Papers, ‘Accounting for Business Combination under Common Control’  and ‘Improving the Financial Reporting of Income Tax’. These publications have been issued together with the Italian standard setter – Organismo Italiano di Contabilita’ (OIC) and with the UK Accounting Standards Board (ASB) respectively.

It is expected that the input from this event (and similar events being held in other countries) will be beneficial to EFRAG, the OIC and the ASB in their deliberations on the Discussion Papers and the future work of the IASB on its projects related to Income Taxes and to the Accounting for Business Combination under Common Control.

The outreach will take place on 15 of March 2012 at the offices of PricewaterhouseCoopers, from 2pm to 6pm, in Via Monte Rosa 91.

Your response by 6 March 2012 would be greatly appreciated. Please send your responses directly to presidenza@fondazioneoic.it.