We continue our reporting on Matters for Further Consideration (MFC) in peer review with our initial look at the MFCs for 2021 peer reviews pertaining to the presentation and disclosure requirements related to goodwill. We noted an above-average number of MFCs related to goodwill disclosures, specifically. Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 350, Intangibles—Goodwill and Other, provides guidance for presentation and disclosure of goodwill. The peer review MFCs indicated failures to disclose gross carrying amounts and accumulated
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Goodwill: presentation and disclosure requirements
Jun 21, 2022 · 310 KB Download
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Download the CPEA report: Goodwill: Presentation and Disclosure Requirements
File name: CPEA June 2022 report – Goodwill – Presentation and Disclosure Requirements.pdf
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