This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Goodwill and Impairment – International Accounting Standards Board

Date recorded:

At its meeting on April 9-11, 2019, the Board met to discuss (i) the ideas being explored and whether they could help achieve the project objectives. These ideas include requiring better disclosures for business combinations, reintroducing amortization, providing relief from the mandatory annual impairment test and improving how value in use is calculated; and (ii) discussed potential improvements to the disclosure objectives and disclosure requirements of IFRS 3 including: (a) clarifying the IFRS 3 disclosure objectives and adding a new disclosure objective for entities to provide information on the subsequent performance of the acquired, or combined, business; (b) adding requirements for entities to disclose whether the key objectives of the business combination have been achieved; and (c) making other targeted improvements. The Board will discuss which preliminary views on achieving the project objectives to include in the discussion paper. The Board plans to publish the discussion paper in the second half of 2019.

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

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.