Goodwill and Impairment - International Accounting Standards Board

Date recorded:

At its meeting on July 18-21, 2022, the IASB met to discuss its Goodwill and Impairment project. The IASB continued its discussions on: (i) its preliminary views about improving the disclosure requirements for business combinations as described in the Discussion Paper; and (ii) possible ways forward to improve disclosure requirements for business combinations. In this meeting the IASB discussed: research and analysis on matters discussed in its April 2022 meeting about the possible ways forward to improve disclosure requirements for business combinations after comments made by IASB members at that meeting. The IASB was not asked to make any decisions. The IASB will make decisions about: (a) whether to continue developing proposals to require entities to disclose information about the subsequent performance of business combinations and to disclose quantitative information about expected synergies; (b) whether to retain the impairment-only model to account for goodwill, or to explore reintroducing amortization of 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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