Goodwill and Impairment – International Accounting Standards Board
Date recorded:
At its meeting on July 20-21, 2021, the IASB redeliberated its preliminary views on the subsequent accounting for goodwill, and in particular whether to reintroduce amortization of goodwill. As part of its redeliberation on whether to reintroduce amortization of goodwill, the Board discussed disclosures about business combinations and improving the effectiveness of the impairment test in IAS 36, Impairment of Assets. The Board was not asked to make any decisions. The Board will continue redeliberating its preliminary views at a future meeting.
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