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Carla Nunes and Michael Weaver, Managing Directors in the Valuation Advisory Services practice at Duff & Phelps, were quoted in Compliance Week discussing the uncertainty surrounding Brexit and the impact on goodwill impairments in Europe. “Brexit is definitely an uncertainty that makes the goodwill impairment analysis tricky,” said Nunes. “Analysis of the earliest filings of 2018 results suggests goodwill impairments will rise again,” says Weaver. “It is up significantly,” he said. He acknowledges, however, that companies are struggling with the accounting judgments in the current uncertainty surrounding Brexit. “The way to test this is to look at what acquired businesses are likely to do going forward in terms of their results,” he says. “That is very tricky when you have effectively all deals on the table.”
Compliance Week subscribers can read the full article here.