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