Goodwill Impairment

After initial recognition, goodwill and indefinite-lived intangible assets must be tested periodically for impairment under ASC 350. We have broad expertise in the initial recognition of values and subsequent impairment testing. Our professionals assist in identifying reporting units, testing for impairment of goodwill and indefinite-lived intangible assets, and estimating the fair value of such assets.

We can offer additional assurance for you, your board, and your auditors by conducting an independent review and providing support for key assumptions and forecasts related to impairment testing. We can also address auditors' concerns around consistency of approach and other issues, ultimately saving time and costs in the audit review process.