INTHEBLACK August 2021 - Magazine - Page 56
F E AT U R E
// G O O D W I L L
WHEN CORPORATE REGULATORS PERIODICALLY PUBLISH THEIR “HIT LIST” OF
FOCUS AREAS FOR SURVEILLANCE ACTIVITIES AROUND FINANCIAL REPORTING
PRACTICES, ONE ITEM APPEARS TIME AND TIME AGAIN – THE ADEQUACY OF
IMPAIRMENT TESTING OF GOODWILL. IT IS ALSO A FREQUENT CAUSE OF FRICTION
BETWEEN THOSE PREPARING FINANCIAL STATEMENTS AND THOSE AUDITING THEM.
