Many companies are currently in the process of completing their annual goodwill impairment tests under the requirements of Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 350 Intangibles – Goodwill and Other. In order to comply with Securities and Exchange Commission (SEC) requirements, public registrants are expected to perform an analysis that reconciles the fair value of the reporting unit tested (or reporting units) to the public market capitalization of the company. During the reconciliation process, companies may face several roadblocks that require careful consideration.

C corporations and entities treated as C corporations in California with leasehold improvement property located in California may be eligible to elect under California law to amortize the leasehold improvement property over the remaining lease term if the estimated useful life of the property exceeds the remaining lease term.

Andersen Managing Director Clarissa Cole's comments are featured in the recent Business Insider story.

In Accounting Today's latest assessment, Andersen was once again named a top U.S. tax firm.

Andersen Global has further strengthened its platform in China through a Collaboration Agreement with Zhonghua Huyin Certified Tax Agents Limited and Shanghai Zhonghua Enterprise Management Consulting Co. Ltd. (collectively referred as Zhonghua) in Shanghai.

Andersen Managing Director Deanne Morton with Andersen's Tax Controversy practice has been appointed to the AICPA's Tax Practice Responsibilities Committee for the 2024-2025 service year, beginning May 22, 2024.

IRS Large Business and International Division announced a compliance campaign focusing on sports-team partnerships and their owners.

Andersen Global continues to expand its global valuation practice through a Collaboration Agreement with Fortin Gaignard Groupe Conseil Inc., a leading valuation firm operating in Canada.