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Accounting & Auditing Alert for Sureties April 2021


 

RubinBrown's Accounting & Auditing Alert is published monthly to inform our clients and contacts about relevant technical accounting and audit-related information.


04/01/2021

FASB Issues Alternative To Goodwill Triggering Event Assessment


The FASB has issued ASU 2021-03, Intangibles – Goodwill and Other (Topic 350): Accounting Alternative for Evaluating Triggering Events to provide private companies and not-for-profit entities with the option to perform the identification and evaluation of a triggering event for goodwill impairment as of the end of the reporting period.

 

Readers should not act upon information presented without individual professional consultation.