While many were waiting, sometimes apprehensively, for the IASB's (tentative) decision on the reintroduction of goodwill amortisation, the Board held off at its September meeting, asking the staff to conduct further research on the subsequent accounting for goodwill.
Discussions on the next steps for the project on disclosures for business combinations and goodwill impairment testing, the subject of a discussion paper in March 2020, will therefore continue in the coming weeks. At this stage, it is difficult to foresee the outcome.
We do trust the above points are notable and sufficient, but should you have any questions or need a deeper discussion on this issue, please do not hesitate to contact us.
Subscribe to our newsletter here