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In March 2024, the International Accounting Standards Board (IASB) published the Exposure Draft Business Combinations—Disclosures, Goodwill and Impairment. The Exposure Draft proposed amendments to: 

  • IFRS 3 Business Combinations—in particular, to improve the information companies disclose about the performance of business combinations; and
  • IAS 36 Impairment of Assets—in particular, amendments to the impairment test of cash-generating units containing goodwill.

The IASB is redeliberating the proposals.

IASB® Update March 2025

The IASB met on 19 March 2025 to discuss respondents’ concerns about conceptual issues in the Exposure Draft Business Combinations—Disclosures, Goodwill and Impairment that might arise if an entity is required to disclose information about a business combination’s performance and expected synergies in its financial statements.

The IASB decided to continue to redeliberate the proposed requirements for an entity to disclose information about performance and expected synergies. 

All 14 IASB members agreed with this decision. 

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