Business Combinations: Disclosures, Goodwill and Impairment – International Accounting Standards Board
At its meeting on March 20-23, 2023, the IASB met to discuss issues related to this project. In particular, the IASB discussed: (a) some potential changes to IAS 36, Impairment of Assets, to reduce the cost and complexity of the impairment test of cash-generating units containing goodwill; and (b) the potential removal of some disclosure requirements from IFRS 3, Business Combinations. Following a discussion, the IASB made tentative decisions with respect to both (a) and (b). 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.
Review the IASB Update and podcast on the Board's Web site.
