FASB's New Goodwill Impairment Standard
- October 2011 The Financial Accounting Standards Board (FASB) recently relaxed its goodwill impairment standard so companies will be able to avoid the cost of developing detailed fair value estimates for their reporting units in some cases. While the FASB made its decision in August, ASU No. 2011-08, Testing Goodwill for Impairment, was issued on September 15, 2011.
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