Aurora Borealis
13 January 2020 Comment Letter

Comment Letter on Identifiable Intangible Assets and Subsequent Accounting for Goodwill (Invitation to Comment (ITC))

  1. Sandra J. Peters, CPA, CFA

Responding to a FASB consultation that considers moving goodwill from impairment to amortization, we explain that such a change would write-off $5.6 trillion in assets and 30% of the equity of US public companies.

Responding to a FASB consultation that considers moving goodwill from impairment to amortization, we explain that such a change would write-off $5.6 trillion in assets and 30% of the equity of US public companies.  
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