United States

In the Headlines: Regulators to Focus on Goodwill Impairment Testing

Feb 05, 2013
From the Financial Reporting View

In the Headlines Issue 13-01 summarizes points raised by the European Securities and Markets Authority (ESMA) in its January report, European Enforcers Review of Impairment of Goodwill and Other Intangible Assets in the IFRS Financial Statements.

The report, which is based on ESMA’s review of accounting and disclosure practices of 235 European listed companies, identifies concerns about the robustness of impairment testing and the transparency of disclosures about underlying assumptions in IFRS financial statements.

Read In the Headlines 13-01