Mon, Dec 16, 2019
Greg Franceschi, Managing Director and Global Leader of the Financial Reporting Practice and Office of Professional Practice, recently discussed the Duff & Phelps Goodwill Impairment Study with Compliance Week. The study revealed that goodwill impairment recorded by U.S. public companies in 2018 rose 125 percent to $78.9 billion.
Referring to findings from the study, Greg said that: “despite this record amount of impairment in 2018, the largest events of 2019 to date are an early indication that we may actually see a significant decrease in overall goodwill impairment this year.”
Read the article here.
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