Summary report – Joint outreach event on Business Combinations : Disclosures, Goodwill And Impairment hosted by FSR, DI, the IASB and EFRAG

​EFRAG has issued a summary report ​of the joint webinar on the IASB's DP: Business Combinations – Disclosures, Goodwill and Impairment, held on 23 October with the FSR - Danish Auditors,  DI - Confederation of Danish Industry and the IASB. Danish and European stakeholders expressed their views on the IASB proposals including the potential implementation and application concerns.

​​The purpose of the joint webinar organised by EFRAG, FSR - Danish Auditors, DI - Confederation of Danish Industry, in cooperation with the IASB was to gather the views from Danish constituents on the IASB proposals regarding business combinations - disclosures, goodwill and impairment.

The online event was held on 23 October 2020 and covered the following topics:

  • Disclosure about Business Combinations – what is your view on the new proposed disclosures about management’s objectives for acquisitions and how acquisitions have performed against those objectives?
  • Impairment test – do you think the impairment test can be made more effective and should the annual mandatory impairment test be replaced by a “triggering” based approach as suggested in the IASB proposal?
  • Should amortisation of goodwill be reintroduced? Do you have any new arguments you think the IASB has not considered in favour of amortisation?

During the discussion, participants from a wide range of backgrounds, shared their views and concerns around the proposals contained in the IASB’s DP.

This summary report​ has been prepared for the convenience of European constituents to summarise the input from the webinar as part of EFRAG's due process.​

Access the event recordings here.​

Goodwill DK Webinar Summary report cover.PNG


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