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EY FAAS teams can help with many aspects of accounting for acquisitions, public offerings and related services. Find out more.
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Improved financial information would also help investors to hold management to account more effectively on their decisions to acquire businesses.
Stakeholders can submit comment letters to the IASB by 31 December 2020 giving their views on these topics. The IASB will then consider the comments received before deciding whether to advance to the exposure draft stage of the project.
The EY publication Applying IFRS – Business combinations: disclosures, goodwill and impairment summarizes the proposals in the discussion paper to improve disclosures for the subsequent performance of a business combination, to retain the impairment-only approach for goodwill, and to simplify the impairment test.