Abstract

International Financial Reporting Standards (IFRS) provide a global framework for the preparation and presentation of financial statements ensuring transparency consistency and comparability. Among these standards the treatment of goodwill and its impairment testing is critical for accurate reporting and investor confidence. This research investigates the compliance of Australian entities with IFRS requirements concerning goodwill impairment testing disclosures. By examining annual reports financial statements and audit disclosures of publicly listed companies in Australia the study assesses the extent and quality of compliance with IFRS 3 and IAS 36. The research identifies patterns in disclosure practices evaluates the adequacy of quantitative and qualitative information provided and examines whether the disclosures meet regulatory and accounting standard requirements. Findings indicate that while most Australian entities demonstrate substantial compliance variations exist in the lev