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Bridge over ocean
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.

View Comment Letter
Publisher Information
CFA Institute