IMA FRC comment letter response to the IASB on Business Combinations

July 1, 2024

IMA’s Financial Reporting Committee issued a comment letter to share its views in response to the International Accounting Standards Board’s Request for Information – Business Combinations - Disclosures, Goodwill and Impairment.

The FRC provided comments on several key subject areas:

• Disclosures: Performance of a business combination
• Disclosures: Strategic business combinations
• Disclosures: Exemption from disclosing information
• Disclosures: Identifying information to be disclosed
• Disclosures: Other proposals
• Changes to the impairment test