The breaches, acknowledged by both parties, relate to the financial statements for the year ending 26 February 2022.

KPMG has been hit with a £1.25m fine – with the amount payable reduced to about £710,000 – after admitting to serious ...

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 ...

“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 ...