Goodwill and Impairment - IASB
At its meeting on October 24, 2017, the IASB discussed: (i) whether there are ways to improve the effectiveness of the impairment test in IAS 36 Impairment of Assets; (ii) whether there are ways to simplify that impairment test without reducing the information provided to users of financial statements; and (iii) whether to require additional disclosures about goodwill and impairment that would improve the quality of information provided to users. The Board was not asked to make any decisions.
At a future meeting, the Board will discuss possible approaches to subsequent accounting for goodwill; and decide whether the output of the project should be a discussion paper or an exposure draft.
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