Josh Contant
Joshua Contant is a Managing Director in PwC's National Office Professional Services Group (SEC Services Group), specializing in IFRS, business combinations, US GAAP and SEC reporting.
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APPEARANCES
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PODCASTS
Aug 25, 2026
Josh ContantGUEST
Um, a- and this is where our new guidance gives the seller or the transferor room for judgment.
Josh ContantGUEST
Uh, when you sell a business or an asset under common control for less than fair value, you first ask yourself whether there's an element of implicit shareholder transaction.
Josh ContantGUEST
If there is, there's broadly three ways that an entity might consider accounting for it, um, that we've outlined in our revised guidance.
Josh ContantGUEST
So, um, say we have a building and entity B sells the building to fellow subsidiary A for $90 of cash when the fair value is in fact $120 and the carrying amount on B's books is 70.
13 MINS LATER