2013 Goodwill Impairment Study
The 2013 U.S. Goodwill Impairment Study, prepared in partnership with the Financial Executives Research Foundation, analyzed the general and industry trends of goodwill impairment of over 5,100 U.S. publicly-traded companies.
The report also includes the annual survey of Financial Executives International (FEI) members and discusses some of the highlights from a new AICPA Accounting and Valuation Guide-Testing Goodwill for Impairment, which is now available and can be obtained at cpa2biz.com.
Key highlights from the study include:
- U.S. companies recorded $51 billion of goodwill impairment in 2012, the highest level reported since the 2008 financial crisis
- 67% of the goodwill impairment in 2012 was booked by three industries: Information Technology, Industrials and Healthcare
- Over 70% of survey respondents are continuing to apply the quantitative Step 1 goodwill impairment test in lieu of the optional qualitative test (Step 0) that was introduced in 2011