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In March 2020 the International Accounting Standards Board (Board) published the Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment. The Discussion Paper sets out the Board’s preliminary views on how companies can provide better information so that investors can hold companies to account for acquisitions of other companies. The preliminary views focus on disclosure of information and on accounting for goodwill.

The Board is asking for feedback on its preliminary views by 31 December 2020. The deadline has changed to 31 December 2020 because of the covid-19 pandemic; previously it was 15 September 2020. Feedback will help the Board decide whether and how to develop detailed proposals in the next stage of the project.

IASB® Update March 2021

The Board met on 23 March 2021 to discuss feedback on its Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment. The Discussion Paper set out the Board’s preliminary views on whether entities can, at a reasonable cost, provide better information about business combinations to users of financial statements. The Discussion Paper included the Board’s preliminary views on disclosure of information and on accounting for goodwill.

The Board was not asked to make any decisions.

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