Comment Letter - FASB’s invitation to comment on identifiable intangible assets and subsequent accounting for goodwill

7 Oct 2019 PDF
Subject AccountingLink
Publications Comment Letters


In our comment letter, we recommend that the FASB adopt an accounting model that would require goodwill amortization over a default period and only require goodwill impairment testing at the operating segment level if there is a triggering event. In addition, we recommend that the FASB not make changes to the current model for recognizing intangible assets in a business combination as part of this project. However, we recommend that the Board consider the accounting for intangible assets as part of the third phase of the definition of a business project. 

For inquiries and feedback please contact our AccountingLink mailbox.