New York Chicago Boston Hartford Orlando Princeton www.mpival.com Goodwill Impairment Testing Overview MPI was contacted by a major law firm in the Southeast. Their client, a television and radio broadcasting company, had been informed by its CPA firm that management’s internal impairment analysis would not meet the qualifications required for a successful audit. The CPA firm recommended that the impairment test be prepared by an independent third party. The Problem The company was party to a bank lending agreement with an extremely favorable interest rate. The bank sought a reason to call a default with a view to revising the agreement and raising the interest rate, an adjustment which would cost the com

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