Comments sought on exposure drafts - May 2024

At BDO, we provide comments locally to the Australian Accounting Standards Board (AASB) and internationally to the International Accounting Standards Board (IASB). We welcome any client comments on exposure drafts that are currently available.

If you would like to provide any comments, please contact Aletta Boshoff, Partner and National Leader, IFRS & Corporate Reporting and National Leader, ESG & Sustainability.

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Proposals

Comments due to AASB by

Comments due to IASB by

ED 329 Business Combinations - Disclosures, Goodwill and Impairment

Proposes:

  • Additional disclosures in IFRS 3 Business Combinations about the strategic rationale, expected synergies and the actual performance of acquisitions (in the year of acquisition and thereafter)
  • Targeted amendments to the impairment test in IAS 36 Impairment of Assets in order to reduce shielding of goodwill from impairment write-downs and also to simplify the impairment test.

3 May 2024

15 July 2024