Friday, April 22, 2011

FASB Proposes Changes to Impairment Testing For Goodwill

Earlier today, FASB released a proposal to ease implementation of the standards for impairment testing for goodwill. See the Exposure Draft of the proposed Accounting Standards Update, FASB's press release , and a podcast featuring FASB board member Daryl Buck and FASB Practice Fellow Kevin Catalano discussing the proposal. Comments are due, in one of two ways: via a new Electronic Constituent Feedback Form, or via the traditional comment letter, by June 6.

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