IASB Provides Project Update on Goodwill and Impairment
12 September 2019
Tom Scott, a board member of the IASB, has published a project update on the IASB’s work on goodwill and impairment. The project is reviewing the current accounting for goodwill (e.g. recognise and test for impairment) versus other potential alternatives (e.g. amortise goodwill).
Mr. Scott provides some of his views, as well as an update on the Board’s research to date, along with next steps in the project.
The project update can be accessed here.