Identifying the acquirer under IFRS 3 sounds simple until reverse acquisition scenarios prove otherwise. One of the most common errors in IFRS 3 is getting the acquirer wrong, and when that happens, the entire set of financial statements can be materially misstated.

In this episode, we unpack how reverse acquisition issues arise, why legal form often misleads, and how to correctly identify the acquirer under IFRS 3. We walk through real-world indicators of control, common “Blind Freddy” mistakes, and the consequences of applying reverse acquisition accounting incorrectly.

If you think the entity issuing shares is always the acquirer, this episode will challenge that assumption.

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