Please find below a brief summary of news and events from the IFRS®
Foundation over the past month:
IASB votes to retain impairment-only model for goodwill
After deliberations on whether there is sufficient evidence to
reintroduce the amortisation model for accounting for goodwill, as if the accounting
requirements were newly introduced, the IASB decided to retain the current model.
IASB proposes accelerated narrow-scope amendments to income taxes Accounting
Integrated Reporting and Connectivity Council launched
The new advisory body will provide guidance on how reporting required by the
International Accounting Standards Board and the International Sustainability
Standards Board could be integrated, and how the IASB and the ISSB could consider
applying principles and concepts from the Integrated Reporting Framework to their
projects. It had its inaugural meeting on 10 November.
The November 2022 update is now available. It includes a
profile of Enitan Adebonojo, Senior Forensic Equity Analyst and Executive Director
at CFRA, who is also a member of the Capital Markets Advisory Committee.