Goodwill and Impairment – International Accounting Standards Board
At its meeting on October 25-28, 2021, the IASB met to redeliberate whether to develop proposals to enhance the disclosure objectives and requirements in IFRS 3, Business Combinations, in order to improve the information provided to users of financial statements about a business combination and its subsequent performance. The Board (a) discussed and made a tentative decision with respect to the conceptual considerations for location of certain disclosures; and (b) discussed the practical challenges related to forward-looking information. The Board will continue its redeliberations on its preliminary views on the package of disclosure requirements at future meetings, including whether not to proceed with some or all of the disclosure requirements for practical reasons.
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