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Proposals to boost M&A disclosures will offer investors valuable insights
Organisations will have to be deliberate when executing acquisitions that are considered strategic, as the expected benefits in performance and synergies of the acquired business will have to be monitored and reported on in subsequent periods.
The comment period for the International Accounting Standards Board (IASB) exposure draft IASB/ED/2024/1 aimed at improving the disclosures organisations provide on their business combinations (mergers and acquisitions) and the impairment of goodwill will end on July 15, 2024.
The proposals are in response to the post-implementation review of the IFRS 3 Business Combinations standard. The feedback from this process identified a few challenges faced by users of the financial statements.
