After initial recognition, goodwill and indefinite-lived intangible assets must be tested periodically for impairment under ASC 350. We have broad experience in the initial recognition of values and subsequent impairment testing. Our professionals assist in testing for impairment of goodwill and indefinite-lived intangible assets and in 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 helping you save time and costs in the audit review process.