News & Articles

Goodwill Amortization: A Taste of 'Little GAAP'

Posted on Mon, Feb 10, 2014

After years of listening to complaints from private firms and their auditors that certain accounting rules were too costly and complex, the Financial Accounting Standards Board (FASB) has finally taken action. On January 16, the FASB simplified one of the accounting rules private firms most loved to hate: FASB Accounting Standards Codification Topic 350, Intangibles - Goodwill and Other.

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Tags: Audit, EHTC Article, CPA Firm, Echelbarger, Financial Accounting Standards Board, Goodwill, New Rule