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FASB Turns Up the Heat on Goodwill Impairment Testing

The Financial Accounting Requirements Board has not long ago elevated goodwill accounting to the leading of its agenda, after political stress stemming from high-profile organization failures in the U.K., notably Carillion’s, pushed the Intercontinental Accounting Requirements Board to address the matter.

In the United States, the sizeable goodwill generate-offs at Standard Electric powered and Kraft Heinz have been political fuel for FASB, which was presently thinking about no matter whether to revisit the plan of allowing or requiring general public organizations to amortize goodwill.

Heading a action further more, past July FASB issued an Invitation to Comment (ITC) that assumed

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