IFRIC issued an Interpretation on Interim Financial Reporting and Impairment, addressing the conflict between the requirements of
IAS 34 Interim Financial Reporting and those in other standards on the recognition and reversal in financial statements of impairment losses on goodwill and certain financial assets.
The interpretation states that any such impairment losses recognised in an interim financial statement must not be reversed in subsequent interim or annual financial statements.
Press release
© IASB - International Accounting Standards Board
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