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On 30 July 2012, EFRAG and the OIC launched a survey on the subsequent measurement of goodwill. Different parts of the questionnaire addressed users of financial statements, standard setters, preparers, auditors and academics respectively. The results of the study indicate that information on goodwill is used in many different manners and that there are many different views on how to measure goodwill after initial recognition.
The questionnaires included five parts:
Part 1 included questions on the usefulness of the financial information based on the current requirements on subsequent measurement of acquired goodwill. This part was primarily targeted at users of financial statements.
Part 2 considered the consistency of the discontinuation of amortisation of goodwill with the treatment of internally generated goodwill according to IAS 38 'Intangible Assets', and effects of goodwill impairments in time of financial crises. This part was primarily targeted at respondents involved in accounting standard-setting and regulation.
Part 3 enquired about the costs of application of the impairment tests of goodwill, and was primarily targeted at preparers of financial statements.
Part 4 enquired about auditability of application of the impairment tests of goodwill, and was primarily targeted at auditors of financial statements.
Part 5 enquired about academic or institutional research relating to the impairment of goodwill, and was primarily targeted at academics.