Information Value of the Current Impairment Test: Leading or Lagging Indicator?

The IVSC has received a number of questions from constituents asking whether the principles underlying business valuations are compatible with the concept of goodwill amortisation. The IVSC Boards have discussed the topic and concluded that the best way to aid public discussion is by publishing a three-part article series to explore the fundamental perspectives with the goal of aiding capital markets by informing financial statement preparers, reviewers, and users.