FASB's impairment testing proposal deviates from IFRS

[26 January 2012, IAS Plus] On 26 January, IAS Plus reported that the United States Financial Accounting Standards Board (FASB) has published a proposal in which an entity testing indefinite-lived intangible assets for impairment would have the option of performing a qualitative assessment to determine whether it is more likely than not that the asset is impaired. 


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