Accounting Standards Update Aims to Simplify Goodwill Triggering Event Evaluation Process In March 2021, the Financial Accounting Standards Board (“FASB”) issued updated guidance on goodwill impairment. Accounting Standards Update 2021-03-Intangibles – Goodwill and Other (Topic 350): Accounting Alternative for Evaluating Triggering Events (“ASU 2021-03”) attempts to simplify the goodwill triggering event evaluation process for private … Continue reading ASU 2021-03: Updated Guidance on Goodwill Impairment