BC419 The boards decided that the revised standards should include overall objectives for the disclosure of information that would be useful to investors, creditors and others in evaluating the financial effects of a business combination. The objectives, which are stated in paragraphs 59 and 61 of the revised IFRS 3, are, in substance, the same as those in IFRS 3 and the 2005 Exposure Draft. Respondents to the 2005 Exposure Draft who discussed the proposed disclosures generally agreed with the disclosure objectives. In reconsidering that exposure draft, however, the boards noted that the third objective in IFRS 3, to provide information that enables users of an entity’s financial statements to evaluate changes in the carrying amount of goodwill during the period, is effectively included in the objective in paragraph 61. Thus, the boards combined those two objectives.
BC420 In addition, both boards concluded, as the IASB did in developing IFRS 3, that it is not necessary (or possible)
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