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07/10/2020 - Questionnaire for preparers - How could accounting for goodwill be improved - responses welcome till 13 November 2020.

​EFRAG has extended its deadline to 13 November 2020 for its questionnaire for preparers with active M&A agendas or material goodwill amounts in the financial statements. The purpose is to collect input on the proposals in the Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment and on EFRAG’s suggestions included in its draft comment letter.


​The questionnaire forms part of EFRAG's due process to collect European views on the proposals in the IASB's Discussion Paper (DP) Business Combinations—Disclosures, Goodwill and Impairment to influence future accounting requirements. As part of our consultation, we are contacting preparers with an active M&A agenda or with material goodwill amounts to share their views on the usefulness and practicability of the IASB's proposals. 

EFRAG is seeking the views of preparers and M&A experts on the IASB proposals and EFRAG's suggestions which relate mainly to potential improvements and simplifications of the goodwill impairment test to address the 'too little too late' issue and to reduce complexity of the test. 

The view of preparers is key to influence the standard setting process. We would highly appreciate if preparers would take the time and participate by answering a questionnaire (30 min) or, if preferred, to participate in an interview to discuss the project.

There are two ways to get involved:

  • You could access the questionnaire by clicking here (a preview of the questionnaire is available in pdf-version here)
  • If you prefer a short interview, please send us an email to this email address: BusinessCombinations@EFRAG.ORG. We will set up a one-to-one meeting for commenting on the issues included in our draft comment letter.
The deadline for EFRAG to receive your input is now the 13 November 2020. 
Background information: EFRAG has issued a draft position before running the consultation process in relation to the IASB's Discussion Paper which is available here