Greg Franceschi Discusses Goodwill Impairment with Bloomberg Tax

Greg Franceschi, Managing Director and Global Leader of the Financial Reporting Practice and Office of Professional Practice at Duff and Phelps, was recently quoted in a Bloomberg Tax article titled, “Coronavirus Triggers Goodwill Markdowns in Hard-Hit Industries.”

The article highlights how businesses are being forced to mark down goodwill on their balance sheets for Q2 2020.Talking about the impact of COVID-19 on goodwill, Greg said, “The longer it goes, the more impairments you will see because the damage will become extreme for companies.”

Read the full article here.

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