Goodwill and Impairment - IASB

Date recorded:

At its meeting on May 17, 2017, the IASB discussed possible simplifications to the impairment test in IAS 36, Impairment of Assets. The Board will continue to discuss whether it is possible to: (i) simplify and improve the application of the impairment test in IAS 36 without loss of information to users of financial statements; and (ii) improve the quality of information provided to users without imposing costs that might outweigh any benefits.

The Board was not asked to make any decisions.

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