Source: Accounting Today: IRS Watch
The Financial Accounting Standards Board has a project to review accounting for goodwill subsequent to its acquisition — again. The issue is whether to continue goodwill impairment testing as required by Statement of Financial Accounting Standards 142 (2001) or to return to goodwill amortization as mandated by Accounting Principles Board No. 17 (1970). Either way, the board will consider and, most likely, alter the details of implementation in either of those standards.

Read More: Accounting for goodwill impairments: An ROA approach