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The International Accounting Standards Board (IASB) is discussing feedback on the Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment. In September 2021 the IASB decided to prioritise performing further work to:

  1. make tentative decisions on the package of disclosures about business combinations; and
  2. analyse specific aspects of the feedback on the subsequent accounting for goodwill.

The IASB will consider the project’s direction at a future meeting.

IASB® Update April 2022

The IASB met on 26 April 2022 to discuss its Goodwill and Impairment project. In September 2021 the IASB decided to prioritise:

  • making tentative decisions on the package of potential disclosure requirements about business combinations described in its Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment; and
  • analysing specific aspects of the feedback on the subsequent accounting for goodwill.

In this meeting the IASB discussed:

  1. feedback from additional outreach activities on the IASB’s preliminary views, as described in the Discussion Paper, concerning potential improvements to the current disclosure requirements about business combinations; and
  2. how to advance or develop those preliminary views.

The IASB was not asked to make any decisions.

Next milestone

Decide Project Direction