FAS 141 and 142 govern the valuation of intangible assets in connection with business combinations. When companies merge, they have to allocate the value of the assets of the new entity, including identifiable intangible assets, such as goodwill.

Because the value of these assets increases and decreases over time, impairment testing is needed to identify any significant changes in value.

For more information on our valuations and impairment testing for compliance with FAS 141 and 142, contact Pluris today.