ASC 350, Intangibles – Goodwill and Other requires that entities test goodwill for potential impairment at least annually, or more often in the case of certain triggering events. While some private companies have elected to amortize goodwill under ASU 2017-04, these companies are still subject to the interim testing requirements if certain triggering events have occurred.
Mercer Capital also provides impairment testing services for indefinite-lived and amortizable intangible assets in accordance with ASC 350 and ASC 360. For our international clients, Mercer Capital offers impairment testing services pursuant to IAS 36 and IAS 38.
Our professionals are nationally recognized as leaders in the valuation industry and hold the most rigorous credentialing designations including the CEIV, CFA, ASA, and CPA, among others, which are representative of the highest standards in the valuation and accounting industries. Mercer Capital has the institutional capability to tackle even the most uncommon or complex fair value issues. We understand the sensitivity of financial reporting timing needs and meet your deadline on time, every time.