VRC’s PJ Patel to Present PLI Webinar

A Deep Dive Into COVID-19’s Impact on Quarter One Goodwill Impairment Testing

By: PJ Patel

New York, NY (April 8, 2020)PJ Patel, Co-CEO and Senior Managing Director of Valuation Research Corporation (VRC), a leading provider of independent valuation support, will present a Practising Law Institute’s (PLI) live one-hour briefing webinar, “A Deep Dive Into COVID-19’s Impact on Quarter One Goodwill Impairment Testing,” on April 21, 2020.

The unprecedented disruption businesses face from the impact of COVID-19 on their operations and finances, as well as on the overall economy, have created complex and intricate challenges in goodwill impairment testing processes. Companies face issues ranging from determining whether interim goodwill impairment tests should be performed to assessing the impact of stock price declines on impairment testing. Along with PJ Patel, SEC Institute workshop leaders Robert Laux and George M. Wilson will provide a deep-dive discussion into the goodwill impairment testing challenges created by COVID-19 in the current period.

In this briefing, participants will:

  • Understand the issues in determining whether an interim impairment test should be performed
  • Review the issues in situations where the carrying value of a company’s reporting units exceeds the company’s market capitalization
  • Enumerate the changes necessary to impairment testing and fair value measurement created by the disruption and uncertainty from COVID-19

More information, including registration, is available here.

Practising Law Institute is a nonprofit learning organization dedicated to keeping attorneys and other professionals at the forefront of knowledge and expertise.

About VRC

Valuation Research Corporation is a full-service, independent, global valuation firm. Since 1975, our network of over 1,300 valuation professionals, which includes VRC’s 160+ U.S.-based colleagues, has provided objective, supportable conclusions of value to domestic and international clients. VRC has locations in Atlanta, Boston, Chicago, Cincinnati, Dallas, Milwaukee, New York, Princeton, San Francisco, and Tampa; as well as international member firms operating as Valuation Research Group in Argentina, Australia, Brazil, Canada, China, Colombia, Germany, India, Japan, Luxembourg, Mexico, Singapore, Spain, and the United Kingdom.