The Importance of Goodwill Disclosures in IFRS 3

The board currently has an active project on business combinations on their agenda focusing on disclosures Goodwill and impairment. Committee members were asked to provide input on that project focusing on possible changes to the impairment test of cash generating units containing Goodwill. The board will now consider this feedback from committee members along with feedback from other stakeholders when discussing possible changes in IAS36.