IASB Floats Rule Changes on Acquisition Disclosures
The Intercontinental Accounting Criteria Board is taking into consideration adjustments to its regulations that would need companies to disclose extra information and facts about how their acquisitions have executed.
In a discussion paper produced on Thursday, the IASB reported buyers want extra information and facts on regardless of whether takeovers are living up to expectations and consider recent disclosures demanded underneath IFRS regulations — these as the annual check for goodwill impairment — are not enough.
The board’s preliminary check out is that the requirement to disclose the primary causes for an acquisition must be changed with a requirement to