EFRAG-IASB joint webinar on business combinations and subsequent accounting for goodwill – summary report
04 Nov, 2020
On 16 October 2020, EFRAG, along with the IASB, hosted an outreach event to discuss business combinations and the subsequent accounting for goodwill. A summary report is now available.
The online event covered the following topics:
- Improving disclosure about business combinations;
- improvements to the goodwill impairment test; and
- a possible reintroduction of amortisation of goodwill.
During the discussion, participants from a range of backgrounds such as enforcement, auditing, academia, valuation and preparation of accounts, shared their views and concerns around the proposals contained in the Discussion Paper Business Combinations — Disclosures, Goodwill and Impairment.
Please click to access the summary report on the EFRAG website.
