Overview of the New AICPA Guide “Testing Goodwill for Impairment – Accounting and Valuation Guide”
February 11, 2014 - By: SC&H Group
Issued by the AICPA Impairment Task Force in November 2013, the new AICPA publication titled “Testing Goodwill for Impairment – Accounting and Valuation Guide,” provides non-authoritative accounting and valuation guidance for impairment testing of goodwill – specifically the qualitative assessment and the first step of the two-step test.
The purpose of the guide is to help preparers, auditors, and valuation specialists understand the requirements of FASB ASC 350, Intangibles – Goodwill and Other and FASB ASC 820, Fair Value Measurements.
Led by Nathan DiNatale, Principal of SC&H Group’s Business Valuation and Litigation Support Services group, SC&H Group recently hosted a webinar that provides a chapter-by-chapter analysis of this new guide.
Following is an exclusive podcast with Mr. DiNatale who provides more insights into the framework behind the new AICPA guide.
To learn more about SC&H’s Business Valuation Support services, click here.