Goodwill and Impairment – International Accounting Standards Board

Date recorded:

At its meeting on October 25, 2018, the International Accounting Standards Board (the Board) discussed the additional work to be performed on the research project before drafting a discussion paper and the timing of that work. The Board did not make any decisions.

In its July 2018 meeting, the Board set three research objectives for the research project. One objective is to explore ways to improve disclosure requirements to enable investors to assess whether a business combination was a good investment decision and whether, after the acquisition, the acquired business is performing as was expected at the time of the acquisition.

The Board tentatively decided that the staff should not perform a complete review of all the disclosure requirements in IFRS 3, Business Combinations and IAS 36, Impairment of Assets.

Feedback will be obtained from the Board’s consultative groups in November and December and the staff will report back to the Board at a future meeting.

Review the IASB Update and podcast on the Board's Web site.

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