Forensic, Webinar

Enhancing Transparency: Proposed Amendments to Reporting Business Combinations, Goodwill, and Impairment.

Enitan Adebonojo, CFA, CPA, Head of Bespoke Services

Zach Gast, CFA, IASB, and IFRS Foundation Board Member

29 May 2024

4 pm BST | 11 am EDT

Business acquisitions, commonly referred to as business combinations in the International Financial Reporting Standards (IFRS) accounting framework, are critical transactions for the entities involved. These transactions play a pivotal role in the global economy, as evidenced by the staggering $3.2 trillion in the total value of announced deals in 2023.

During this webinar CFRA's Head of Bespoke Services, Enitan Adebonojo, CFA, and Zach Gast, CFA, IASB, and IFRS Foundation Board Member, discussed proposed changes to financial statement disclosures regarding business combinations. The discussion focused on giving investors a chance to provide feedback to the IFRS board on which changes would be most beneficial to investors decision making processes.

Speakers

Enitan Adebonojo, CFA, CPA

Head of Bespoke Analyst Team

Ms. Adebonojo is the Head of Advisory Services for CFRA. In this capacity, she is responsible for overseeing Bespoke Solutions for clients and CFRA Academy's training solutions. She joined CFRA in 2001 as a generalist covering European companies and later covered the U.S. consumer retail industry. She came to CFRA with ten years of audit experience. Ms. Adebonojo holds a BBA/MBA in Public Accounting from Pace University and an MBA in Finance from the University of Maryland. She is also a member of the AICPA and CFA Institute.

Zach Gast

Board Member, International Accounting Standards Board

Mr. Gast joined the Board for an initial term of five years from CFRA —a provider of independent investment research—where he served as president, directing the organisation's forensic accounting and equity research strategy. Before joining CFRA, he served as a senior vice-president at Paulson & Co from 2009 to 2013 and as the sector lead for financial sector equity analysis at the CFRA from 2005 to 2009. Mr. Gast also served as a member of the Financial Accounting Standards Board's (FASB) Financial Accounting Standards Advisory Council from 2018 to 2020. He has an MBA from Georgetown University and a BA from Brown University.