For companies that have grown through acquisitions, goodwill and other intangible assets can represent a significant portion of the balance sheet. U.S. GAAP requires that such assets be regularly evaluated for impairment.
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While certain elements of this evaluation will be common to all companies, each company and each asset reflect a unique set of circumstances that must be fully understood in order to assess whether impairment exists. The complex rules surrounding impairment testing also make the preparation and documentation of these analyses a challenging process.
Dopkins & Company’s professionals are well-versed both in the impairment testing process and the financial reporting implications when such impairment exists.
In an era of regulatory change and dynamic business models, financial reporting services must be equipped to handle complex business issues down to the smallest detail. Based on our knowledge of valuation processes and financial accounting, and on our experience with auditors and users of financial statements, our professionals are at the leading edge of development of analyses to assist with our clients’ impairment testing and to support their financial reporting.