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IASB Considering Changes to Goodwill Accounting Under IFRS

August 30, 2018

The International Accounting Standards Board (IASB) is considering changes in how to account for goodwill under International Financial Reporting Standards (IFRS), perhaps reintroducing goodwill amortization. IASB chairman Hans Hoogervorst discussed the board’s plans during a speech in Tokyo at an event hosted by the Accounting Standards Board of Japan. He noted that when the IASB adopted the IFRS 3 Business Combinations standard in 2004, it abolished the amortization of goodwill, relying instead  Click here for more information.