Risky financial markets and an uncertain economic environment add up to increased goodwill impairments. So far in 2022, the amount and frequency of goodwill impairments recorded by U.S.-based companies have increased. An analysis by Kroll finds that, compared to 2021, the top 10 impairments recognized thus far are triple the size of the top 10 for overall 2021 (see below). The data were compiled on Aug. 15, 2022.

 Kroll notes that the spotlight is now on goodwill impairment assessment because many companies have annual goodwill impairment testing dates that fall in the second half of the year. What’s more, “significant changes in the economic environment increase the likelihood of having to perform a quantitative goodwill impairment test (rather than a qualitative assessment),” the firm says. You can read more of Kroll’s analysis if you click here.