Goodwill Impairment Testing

Houlihan Smith recognizes that companies are currently facing turbulent times in the markets and that management is facing increasing pressure from auditors regarding the treatment of goodwill from a fair value perspective. Under FAS 142, there is a shift of the focus towards understanding company balance sheets from a market value perspective, rather than a historical cost perspective.

Houlihan is uniquely positioned to assist both public and closely-held companies across a wide array of industries with Goodwill & Intangible Asset Impairment Testing in accordance with FAS 142, FAS 144, IFRS 3, and IAS 36. We have the independence, expertise, and experience to fulfill the financial, regulatory, and compliance requirements outlined in the statement, as well as the key issues of concern to the SEC.

Houlihan’s team of experts are well versed with the complexities of FAS 142 and have helped companies from across the country work with their auditors to value goodwill and other intangible assets and measure the potential resulting write-downs.