Follow up work
The Board completed the PIR of IFRS 3 in June 2015 with the publication of the Report and Feedback Statement
Since then it has commenced two follow-up projects:
- Definition of a business
- Goodwill and impairment
At its meeting in May 2016 the Board discussed the feedback received in the 2015 Agenda Consultation
in relation to the remaining issues identified in the IFRS 3 PIR Report and Feedback Statement. At its meeting in July 2016 the Board decided not to include in its work plan and research pipeline any of the areas identified on pages 8–10 of the Report and Feedback Statement Post-implementation Review of IFRS 3 Business Combinations, other than work on its projects relating to Goodwill and Impairment and the Definition of a Business.