Join 250,000+
professionals today
Add Insights to your inbox - get the latest
professional news for free.
FASB Takes a Fresh Swing at Goodwill Impairment
Join our 250K+ subscribers
Join our 250K+ subscribers
Subscribe05 AUG 2026 / FASB REPORTING
On July 29, 2026, the Financial Accounting Standards Board (FASB) voted to review goodwill impairment testing for potential improvements. The project, added to FASB's technical agenda, will assess how often companies should test for goodwill impairment and at what organizational level, possibly moving from mandatory yearly testing to a trigger-based model and a broad operating segment level, which could reduce costs but also complicate the process of determining triggering events.
Goodwill accounting is back on FASB’s operating table, but the Board is reaching for a scalpel rather than a sledgehammer. On July 29, 2026, the Financial Accounting Standards Board voted to add a targeted goodwill impairment project to its technica...
Until next time…
Don’t forget to share this story on LinkedIn, X and Facebook
Subscribe now for $199 and get unlimited access to MYCPE ONE, from CPE credits to insights Magazine
📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join
You’ve reached the 3 free-content piece limit. Unlock unlimited access to all News & CPE resources.
Subscribe Today.
Already have an account?
Sign In
-(2)-1778848026.webp)
