The responses are in. FASB's goodwill project: 5 things to know

Start adding items to your reading lists:
Save this item to:
This item has been saved to your reading list.


We discuss stakeholder feedback on the FASB's invitation to comment on accounting for goodwill and intangible assets.

The responses to the FASB’s invitation to comment on goodwill impairment are in. It’s a topic that has received a lot of attention from a wide range of stakeholders. Join Heather Horn, Andreas Ohl and Chad Morrissey as they take a closer look at the early reactions. Topics include:

  • 1:13 - Overview of the comment letter and PwC’s responses. The FASB’s Invitation to Comment was a robust document. We discuss the key topics and PwC’s areas of focus.
  • 10:01 - A look at who responded. The almost 100 respondents were from a diverse pool of stakeholders--we break their feedback down for you.
  • 16:53 - Key response trends...or lack thereof. Why are some respondents in favor of amortizing goodwill while others are not? We take a closer look at the debate.
  • 20:02 - New and surprising. We highlight a few of the more surprising ways some respondents thought about goodwill.
  • 25:15 - Next steps. What’s next? We wrap it up by sharing some final thoughts.

About our guests

Andreas Ohl is a partner in PwC's National office, where he focuses on mergers and acquisitions under US GAAP and IFRS. Andreas is chairman of the Business Valuation Standards Board at the International Valuation Standards Council, is a member of the working group that authored the AICPA's In-Process R&D guide, and has served as a member of the FASB's Valuation Resource Group.

Chad Morrissey is a principal in PwC's Deals Practice, where he performs valuations of businesses, business interests, various classes of capital structure, and intangible assets. Chad leads the Technology Sector for the US Valuation and Business Modeling Practice.

About our host

Heather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting. 

Contact us

Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

Follow us