ICAI Issues Exposure Draft on Business Combination – Disclosures, Goodwill, and Impairment
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- By Chetan Kulasri
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- Last Updated on 19 March, 2024
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International Accounting Standards Board (IASB) issues amendment to disclosure IFRS 3, Business Combination and impairment test under IAS 36, Impairment of Assets. This disclosure requires information about the performance of business combinations and quantitative information about the synergies expected to arise from a business combination. Additionally, IASB proposes amendments to IAS 36 regarding the calculation of value in use, the allocation of goodwill to CGUs and the disclosure requirements. The draft is open for public comment till 31.05.2024.
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