10/10/2023 - EFRAG’s survey - Business Combinations – Disclosures, Goodwill and Impairment: Disclosures

EFRAG is seeking preparers' views on the IASB's tentative decisions on the Business Combinations - Disclosure, Goodwill and Impairment project, and more specifically on the proposed disclosure requirements for business combinations under IFRS 3 Business Combinations.

Based on the feedback received on the IASB's Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment, users generally supported the proposed disclosure requirements since entities would provide more useful information on the rationale and subsequent performance of business combinations they undertake. However, many preparers expressed concerns about providing such information, since in some cases it could be commercially sensitive, forward-looking and unavailable.

Therefore, EFRAG has launched a survey which aims to collect feedback on whether the IASB's proposed disclosure requirements can be applied in practice and whether they meet the intended objectives at a reasonable cost. You can complete the survey and submit your answers by using the link to the survey. You can access the PDF version here.

The survey is aimed at preparers of financial statements who have conducted business combinations within the scope of IFRS 3 in the last three years (2020-2022). Respondents can submit their answers by 30 November 2023.