Project Objectives
The AcSB proposes amendments to Section 1582, Business Combinations, and Section 3064, Goodwill and Intangible Assets.
The proposals aim to simplify financial reporting for private enterprises and impacted not-for-profit organizations by:
- providing optional relief from recognizing identifiable intangible assets acquired in a business combination; and
- introducing an accounting policy choice to amortize goodwill.
Current Stage
The AcSB is seeking feedback on its
Next Steps
Your feedback on the Exposure Draft will inform the final amendments.
How to Provide Feedback
Keep an eye on our Subsequent Measurement of Goodwill and Acquired Intangible Assets project page for updates, key dates, and registration information. We want to hear from you!