While the of economic impact of COVID-19 remains unclear, companies are being called upon to consider a number of accounting, disclosure, and financial reporting matters related to their annual and interim impairment analyses for indefinite-lived intangible assets and goodwill under Accounting Standards Codification (ASC) 350.
Franklin Nova has been actively engaged with its clients in assessing the current and potential impacts the COVID-19 closures and disruptions are having on their businesses. As the first quarter of 2020 draws to close, regulators and auditors are requiring companies to test the values of certain tangible and intangible assets that have been or may be impacted by these recent global disruptions.
Franklin Nova’s Business and Tangible Asset Valuation Services
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