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FRV podcast: Current developments in goodwill

07.16.2021 | Duration: 15:29

An overview of recent FASB developments including ASU 2021-03, plus proposed changes to the accounting model.


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Podcast overview

KPMG professionals and FASB practice fellow Dave Yates discuss the FASB’s relief on the goodwill impairment testing date for private companies and NFPs (ASU 2021-03). Plus, proposed FASB changes, including a shift to a goodwill amortization model for all entities.


  • ASU 2021-03, Accounting Alternative for Evaluating Triggering Events: Private companies and not-for-profits
  • Proposed changes: All entities

Podcast contents

  • 01:10 - Overview of the current goodwill impairment model
  • 03:15 - Triggering events in private entities - ASU 2021-03 summary
  • 07:05 - Summary of current FASB goodwill project
  • 10:25 - Recent FASB discussions
  • 11:30 - Background on International Accounting Standards Board goodwill project
  • 12:45 - Action items for companies

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Meet our team

Image of Karen Silverman
Karen Silverman
Partner, Audit, KPMG LLP
Image of Nick Burgmeier
Nick Burgmeier
Partner, Dept. of Professional Practice, KPMG US

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