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Review of Business

Goodwill impairment: convergence not yet achieved

Goodwill impairment: convergence not yet achieved Victoria Shoaf Abstract The International Accounting Standards Board (IASB) and the U.S. Financial Accounting Standards Board (FASB) have agreed to work separately and jointly toward convergence of accounting standards. However, despite recent convergence activities significant differences remain between U.S. and international standards in accounting for impairment of goodwill and […]