This paper examines whether financial analysts' presence compels managers to recognize a goodwill impairment. Analysts could impact managers' impairment decisions in at least two ways: (1) by improving the information environment through an independent analysis of firm performance (i.e., an...

The elimination of goodwill amortization in 2001 brought about significant change in how companies are required to account for goodwill. This change in accounting also brought with it new challenges for auditors, namely evaluating the reasonableness of management's assumptions related to...