Business Combinations: Disclosures, Goodwill and Impairment – International Accounting Standards Board
At its meeting on January 24-26, 2023, the IASB met to discuss its project on Business Combinations—Disclosures, Goodwill and Impairment. In particular, the IASB discussed: (i) an exemption from disclosure requirements; and (ii) disclosures related to synergies expected from a business combination. Following a discussion, the IASB made tentative decisions with respect to both (i) and (ii). The IASB will make tentative decisions on matters including: (a) clarifying other aspects of the package of disclosure requirements for business combinations; (b) simplifying the application of the impairment test in IAS 36; and (c) improving the effectiveness of the impairment test of cash-generating units containing goodwill. Once the IASB has made tentative decisions on all aspects of the project, it will consider whether the package of decisions meets the project objective and whether it will publish an exposure draft setting out its proposals.
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