On 22 July 2024, EFRAG published its Final Comment Letter on the IASB’s ED/2024/1 Business Combinations—Disclosures, Goodwill and Impairment, regarding the proposed amendments to IFRS 3 and IAS 36.
EFRAG supports the IASB’s objective to improve the information entities provide to investors, at a reasonable cost, about acquisitions made. However, EFRAG notes key reservation on some of the proposed amendments to IFRS 3 Business Combinations and to IAS 36 Impairment of Assets.
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