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12/12/2017 - REMINDER: Please provide input to EFRAG's consultation on goodwill impairment testing

​The IASB expects to publish its proposals on the impairment test for goodwill in 2018. EFRAG’s Discussion Paper Goodwill impairment test: can it be improved? illustrates a number of suggestions to enhance the application and effectiveness and to reduce the complexity of the goodwill impairment test. EFRAG asks European constituents' views on these suggestions by 31 December 2017.

The scope of the publication is limited to impairment testing and it does not seek to address broader topics such as identification and measurement of acquired intangible assets in a business combination or the extent to which these should be separated from or subsumed into goodwill.
The new publication completes EFRAG's current research activities on goodwill. EFRAG will utilise the feedback received when responding to the future consultation arising from the IASB's Goodwill and Impairment research project. The IASB expects to publish its proposals on the impairment test for goodwill in 2018.
EFRAG asks European constituents for their views on the advantages and disadvantages of these potential amendments. The deadline for comments is 31 December 2017.
To download the Discussion Paper click here.