Goodwill and Impairment – International Accounting Standards Board
Date recorded:
At its meeting on November 22-24, 2022, the IASB met to discuss its preliminary view on the subsequent accounting for goodwill. In particular, the IASB discussed whether to retain the impairment-only model or to explore reintroducing amortization of goodwill. Following a discussion, the IASB tentatively decided to maintain its preliminary view to retain the impairment-only model for the subsequent accounting for goodwill. The IASB will be asked in its December 2022 meeting to decide whether to move the project from the research phase to the standard-setting phase.
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