Attestation Update – A&A for CPAs

Technical stuff for CPAs providing attestation services

Good summary of ASU 2011-18, Goodwill Impairment Test, and a commentary

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John Hufnagle, of Hayacasa consulting blog, has a good summary of the new ASU addressing a simplified method of assessing goodwill impairment at Goodwill Impairment Test.

The Grumpy Old Accountants (Professors Catanach and Ketz)  proceed to grump at Simplifying Goodwill Impairment Testing.  They are concerned 11-18 will allow management to postpone the day of goodwill impairment reckoning.

ASU 2011-18 can be found here.

Written by Jim Ulvog

September 28, 2011, 7:59 am at 7:59 am

Posted in Accounting

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