Invitation to Comment 2019-720—Identifiable Intangible Assets and Subsequent Accounting for Goodwill

The objective of this Invitation to Comment (ITC) is to identify whether a cost benefit issue exists for public business entities that warrant standard setting, and if there are viable cost-effective solutions. It is a staff document which includes considerations for improving the decision-usefulness of the information and rebalancing the cost benefit factors. Sections of the ITC discuss goodwill amortization, goodwill impairment testing, and disclosure considerations. The ITC also discusses potential approaches for modifying the recognition of intangible assets in a business combination.

For more information, see the following:

Issued: July 9, 2019

Comments Due: October 7, 2019