Goodwill and Impairment - International Accounting Standards Board
At its meeting on September 20-22, 2022, the IASB met to discuss some of the preliminary views related to disclosures about business combinations that were expressed in the Discussion Paper, as follows: (i) Disclosure objectives; (ii) Information about business combinations; (iii) ‘Strategically important’ business combinations; (iv) Exemption from disclosing information; and (v) Alternatives not considered further. Following these discussions, the Board made a number of tentative decisions. In the last quarter of 2022 the IASB will decide whether to proceed with its preliminary view that it should retain the impairment-only model to account for goodwill or explore reintroducing amortization of goodwill. At future meetings the IASB will make decisions about: (i) other aspects of the disclosures about business combinations; (ii) whether to move the project from the research phase to the standard-setting phase; and (iii) other topics within the scope of the project.
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