In September 2023 the IASB decided to publish an Exposure Draft containing proposed amendments to:
The IASB’s proposals build on its preliminary views expressed in the Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment.
The IASB is now working towards publishing an exposure draft.
The IASB met on 19 September 2023 to discuss its project on Business Combinations—Disclosures, Goodwill and Impairment. The IASB discussed:
Transition and first-time adopters (Agenda Paper 18B)
The IASB tentatively decided:
All 14 IASB members agreed with these decisions.
The IASB also tentatively decided:
Thirteen of 14 IASB members agreed with these decisions.
Due process and permission to begin the balloting process (Agenda Paper 18C)
The IASB decided to set a comment period of 120 days for the Exposure Draft.
All 14 IASB members agreed with this decision.
No IASB member indicated an intention to dissent from the proposals in the Exposure Draft.
All 14 IASB members confirmed they were satisfied the IASB has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to begin the process for balloting the Exposure Draft.