Impairments: What lessons learned from Q2 may mean for Q3

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PwC shares observations on impairments triggered in Q2, and what it may mean for Q3 and year end.


As companies look ahead to their Q3 reports, what lessons can be learned from companies that took impairments in Q2? Heather Horn is joined by PwC partners to share observations on impairments triggered in the second quarter.

Topics include:

  • 0:50 - Overview. We begin with a discussion of the challenges in assessing assets for impairment in the current environment.
  • 2:41 - Notable observations. We dive into the analysis, highlighting key themes, similarities, and differences between Q1 and Q2, and expectations for Q3 and Q4.
  • 10:10 - The market. How did market indicators affect the evaluation of impairment? We peel back the market’s Q2 performance and discuss potential triggering events.
  • 13:55 - Looking ahead. We discuss some of the factors companies need to be thinking about as they look ahead to Q3 impairment testing.


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.

John Benedetti is a Partner in the Capital Markets and Accounting Advisory practice at PwC. John advises large US and international companies in the accounting for complex transactions and the implications of financial and accounting structuring. His deep knowledge of US GAAP and IFRS financial reporting rules allows him to support clients through these challenging endeavors.

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

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