Goodwill and Impairment – International Accounting Standards Board

Date recorded:

At its meeting on November 15-19, 2021, the IASB met to redeliberate aspects of the IASB’s preliminary views on improving the disclosure requirements in IFRS 3, Business Combinations. Items discussed and for which tentative decisions were made, included: (i) disclosure of expected synergies arising from a business combination; (ii) disclosure of the contribution of the acquired business; and (iii) disclosure of the liabilities arising from financing activities and defined benefit pension liabilities. The IASB will continue redeliberating its preliminary views that it should improve the disclosure requirements in IFRS 3 at future meetings.

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