Question: Accounting for goodwill is also important in this week's readings. Consider the significance of the increase in goodwill write-downs in recent years on the amount

Accounting for goodwill is also important in this week's readings. Consider the significance of the increase in goodwill write-downs in recent years on the amount and timing of expense recognition and financial statement impact generally. Further, consider the currently conflicting stances of the FASB and IASB regarding the amortization of goodwill (one of this week's interesting articles). There is a high likelihood that goodwill amortization will be reintroduced under U.S. GAAP in the near future. How does this relate to the current accounting treatment? What information quality challenges exist with respect to accounting for goodwill?

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