FASB Discusses Intangible Assets and Goodwill

At its January 26, 2022, meeting, the FASB discussed its project on identifiable intangible assets and the subsequent accounting for goodwill. The discussion focused on the “level . . . at which the goodwill impairment test should be conducted in the context of a potential impairment-with-amortization model.” No decisions were made during this meeting.