Technical Line – Accounting for impairment of goodwill and indefinite-lived intangible assets due to the coronavirus

Ernest and Young – This publication supplements our Technical Line, Accounting and reporting considerations for the effects of the coronavirus outbreak, and addresses considerations related to the determination of the fair value of a reporting unit and/or indefinite-lived intangible asset and management’s development of prospective financial information (PFI) used as key inputs into fair value valuation techniques, among other topics.

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