Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

Get updates on Compliance Week offerings, including new features, databases, research, and other resources, along with announcements of upcoming Webcasts, conferences, seminars, CPE/CLE opportunities and more.

Published every Thursday, Compliance Week Europe offers a condensed summary of risk, audit, and compliance news either originating in Europe, or of special interest to European compliance professionals. This newsletter will follow developments by the European Commission, as well as those of national governments across the region, or any U.S.-based news that might have consequence across the Atlantic. Frequency: weekly; Thursday a.m.

A fresh edition of Compliance Week delivered via e-mail and online every Tuesday morning, relentlessly focused on the disclosure, reporting and compliance requirements of our 25,000+ paying subscribers.

Published every Friday, Compliance Weekend was launched at the behest of subscribers, and offers a quick Plain English review of the week's key developments. We hope you enjoy this supplement to Compliance Week's Tuesday edition.


Status message

Start your free, no obligation 10-day trial to continue exploring with full access.

What the Future of Goodwill Impairment Might Look Like

Tammy Whitehouse | February 25, 2014

Most financial reporting executives would agree that the best way to measure the value of an asset on the balance sheet is with the method that gives you the most precise answer.

Unless, apparently, the value you're trying to measure is goodwill.

In that particular corner of accounting, precision comes with a hefty pricetag. Now the Financial Accounting Standards Board is considering whether users of financial statements really want to continue to stomach that cost—and whether to implement drastic changes if the answer is “no.”

The problem with goodwill is that it's not an asset in the conventional sense; it's an intangible asset created when one company buys another. The price that Company A pays to purchase Company B is typically more than the sum of Company B's assets and liabilities, and that extra bit is classified as goodwill. “Once you... To get the full story, subscribe now.