Beyond the GAAP - September 2021

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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.