Assessing goodwill for impairment became more challenging during the COVID-19 pandemic because of significant changes in business operations and overall economic uncertainty. Considering goodwill ...
Goodwill impairment testing has been a challenging area for many financial statement preparers since the issuance in 2001 of FASB Accounting Standards Codification (ASC) Subtopic 350-20 (formerly FASB ...
KPMG has been hit with a £1.25m fine – with the amount payable reduced to about £710,000 – after admitting to serious ...
Tulsa-based Midstates Petroleum Co. showed a $4.9 million adjusted profit for its first quarter, but that number excludes nearly $175 million in accounting impairments on the value of its oil and gas ...
“The change should help MicroStrategy and other companies that hold digital assets to eliminate the poor optics that have been created by impairment losses,” Berenberg Capital analysts say. The United ...
LONDON, Dec 15 (Reuters) - Global accounting rule setters have ended a deadlock over how to force banks to book losses on loans earlier, so that they have time to replenish capital cushions without ...
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NFRA releases Auditor-Audit Committee Interaction Series 4 titled: Audit of Accounting Estimates and Judgments-Impairment of Non-financial Assets
The National Financial Reporting Authority (NFRA) has released the Auditor-Audit Committee Interactions Series 4, titled: Audit of Accounting Estimates and Judgements-Impairment of Non-financial ...
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