Andrew Probert Featured in The Wall Street Journal Discussing Goodwill Impairment

Andrew Probert, Managing Director in Duff & Phelps’ Transaction Advisory Services practice, was recently quoted in The Wall Street Journal’s CFO Journal article titled, “Coronavirus Poses Hurdle for Goodwill Impairment Tests.” During our webcast titled, “Impact of COVID-19 on Goodwill Impairment–Perspectives from U.S. GAAP and IFRS,” Andrew spoke about triggering events that call for an impairment test. 

“For most companies, macroeconomic conditions such as limitations on access to capital and fluctuations in foreign exchange rates will increase the likelihood of a triggering event. Other more company- or industry-specific indicators, such as a sustained decrease in share prices, labor costs having a negative impact on cash flows or overall financial performance, will also boost the chances of a triggering event,” said Andrew.

Read the full article here.

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