After the Financial Accounting Standards Board has adopted the Statement of Financial Accounting Standards 142, audited companies are required to test goodwill impairment at least once annually.
Goodwill impairment takes place when the value of the goodwill of a business unit declines to an amount less than the carrying value of the goodwill on the company’s books.
TAG-Value provides you with a complete set of tests that enables you to determine the annual value of your goodwill.