The FASB continues to receive feedback that the goodwill impairment process is costly for preparers, even with recent amendments that were meant to simplify impairment testing. In July 2019, the FASB issued an Invitation to Comment (ITC) on how the subsequent accounting for goodwill and certain intangibles could be simplified, while still providing decision-useful information to users. PwC has provided its views on the possible alternatives raised in the ITC.
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