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Qualitative Goodwill Impairment Assessment — A Roadmap to Applying the Guidance in ASU 2011-08


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The attached publication, Qualitative Goodwill Impairment Assessment — A Roadmap to Applying the Guidance in ASU 2011-08, which is part of Deloitte’s Roadmap series, addresses considerations related to adopting and performing a qualitative assessment of goodwill impairment in accordance with ASU 2011-08. Key topics discussed include:

  • Establishing and documenting the facts that are relevant to reporting units and goodwill balances. 
  • Updating processes and related internal controls in response to the guidance in ASU 2011-08.
  • Identifying reporting units that bypass step 0 and proceed to step 1 of the traditional two-step impairment analysis. 
  • Evaluating events and circumstances to support an assertion that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount. 
  • Documenting the conclusions reached in the qualitative assessment.

We hope that you find this new Roadmap edition useful and informative.

View all issues in the Roadmap Series.

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