Accounting for SPACS (Updated November 2021)

Acquisition by a special purpose acquisition company (SPAC) offers private companies a way to go public without a traditional initial public offering.

As the volume of SPAC transactions continues to grow, stakeholders, including regulators, continue to expect high quality financial reporting which appropriately addresses relevant accounting and disclosure matters. We have made important changes to this publication since the July 2021 edition, to address evolving issues.