Goodwill and Impairment – International Accounting Standards Board

Date recorded:

At its meeting on April 25-28, 2022, the IASB met to discuss its Goodwill and Impairment project. In this meeting the IASB discussed: (a) feedback from additional outreach activities on the IASB’s preliminary views, as described in the Discussion Paper, concerning potential improvements to the current disclosure requirements about business combinations; and (b) how to advance or develop those preliminary views. The IASB was not asked to make any decisions. The IASB will discuss specific aspects of the feedback identified in September 2021 on the subsequent accounting for goodwill. The IASB will then make decisions about: (a) the package of disclosure requirements about business combinations; (b) whether to maintain its preliminary view to retain the impairment-only approach to the subsequent accounting for goodwill; and (c) other topics within the scope of the project. 

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

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