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TCH Supports FASB’s Goodwill and Other Intangibles Proposal

The Clearing House Association submitted a comment letter to the FASB on its proposal on goodwill and other intangibles. In the comment letter, TCH supports the proposal and believes that if finalized, it will both enhance the quality of the testing of goodwill for impairment as well as reduce the cost and complexity of performing the test. TCH also supports the FASB’s permitting early adoption of the proposal.