The accounting
rules for business combinations and goodwill accounting create
significant demands on issuers of financial statements. Generally
Accepted Accounting Principles (GAAP) requires an annual test of
goodwill impairment for the reporting units of publicly traded
companies. Auditors of private companies may also require this annual
valuation analysis. When your company requires assistance with goodwill
impairment issues, EHTC has the experience to provide that support and
assistance.
A company's internal accounting staff can prepare
the required testing with the use of various templates EHTC has
available. In addition, we can work with the accounting staff to prepare
the proper substantiating documentation, ascertain consistency within
the calculations, and evaluate the final computations and documentation.
We want to help companies explain the analyses behind their judgments so
their auditors can review, understand, and accept the goodwill
impairment testing.
