This paper examines the value relevance of goodwill impairment and the information content of impairment announcements with the introduction of Financial Reporting Standard (FRS) 11 in the UK in 1998 which allowed an annual impairment review as an alternative to capitalisation and subsequent...

Seventy years of accounting standards for M&A 2005 was the first year in history when the US, the UK and the (now very substantial) jurisdiction of international standards were governed by largely harmonised standards on accounting for business combinations. This paper charts the evolution of...

Concerns have been raised in the academic and practitioner literatures of accounting that, in general, standard-setters have increasingly neglected stewardship and reliability in pursuit of value-relevance; and then, in particular, that current accounting for the vast sums now expended on...