Goodwill Impairment and Corporate Social Responsibility

Goodwill impairment is a complex topic that involves significant managerial assumptions and proprietary data, making its recognition and measurement challenging and prone to errors. This case study examines the controversial nature of goodwill impairment in both practical and academic contexts, highlighting the requirements set by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) for firms to disclose detailed information regarding the origins and implications of goodwill in business combinations.