Recent impacts to the economy have escalated the importance of assessing goodwill, among other assets, for potential impairment. Goodwill impairment is triggered when a company’s goodwill carrying value on financial statements exceeds its fair value. In accounting, goodwill is identified and recorded when a company pays more than the net value for its assets versus liabilities.
Our valuation advisors are experts in goodwill and intangible asset impairment testing (ASC 350/ SFAS 142, ASC 360/SFAS 144, IFRS 3 and IAS 36), and they have extensive experience in dealing with the complex valuation issues related to goodwill impairment.
At HW&Co., our advisors can help you understand how accounting changes impact your organization. For more insights on goodwill impairment testing standards, contact us today.