United States

KPMG Comments on Proposed FASB ASU, Simplifying the Accounting for Goodwill Impairment

Jul 18, 2016
From the Financial Reporting View

KPMG LLP recently commented on the proposed FASB ASU, Simplifying the Accounting for Goodwill Impairment, which has the objective of simplifying the subsequent measurement of goodwill by removing Step 2 of the goodwill impairment test. KPMG expressed general support for the proposals, agreeing with the Board that the proposals would reduce the cost and complexity of the current goodwill impairment test.

Read KPMG Comment Letter

Read Proposed FASB ASU