Redeliberations continue on Goodwill and Impairment project
Keywords: Mazars, Thailand, IASB, IAS 36, Goodwill, Impairment
13 July 2023
At the end of this meeting, the IASB tentatively decided to retain the requirement to perform a quantitative impairment test annually, rejecting the alternatives suggested in the Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment. On the same topic, the IASB tentatively decided that it was not feasible to design a different impairment test that would, at a reasonable cost, be significantly more effective than the impairment test currently required by IAS 36.