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At its November 2022 meeting, the International Accounting Standards Board (IASB) has voted to retain the impairment-only approach to account for goodwill. This tentative decision culminates a thorough evaluation that began with the Post-implementation Review (PIR) of IFRS 3 Business Combinations in 2014.
In making its decision, the IASB considered stakeholder feedback from the PIR of IFRS 3, the discussion paper the IASB published in March 2020 and subsequent research. The IASB concluded that extensive evidence collected did not demonstrate a compelling case to change its previous decision about accounting for goodwill.
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