International update: December 2020

The latest IASB meeting was held over two brief sessions, but despite its brevity, there was no lack of interest. During the first day, the board revisited some ideas underpinning its proposed new standard for subsidiary companies, and finalised a number of other minor issues. The following day was devoted to the annual joint educational session with the FASB. This allowed the two boards to exchange news and ideas about some key topics, including goodwill and impairment.