FASB Reconsiders Goodwill Impairment Triggers – Limited Relief Proposed for Private Companies
Thoughtware Alert
Published: Jan 04, 2021
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The COVID-19 pandemic and related unprecedented quarter-to-quarter market volatility and economic uncertainty highlighted the cost and complexity of complying with existing goodwill impairment guidance when interim financial statements are not required to be issued for a number of entities. This article provides details on a FASB proposal to provide relief in limited situations.
