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Goodwill must be tested ?

1) If there are indications of impairment.

2) annually.

3) every five years.

4) When acquiring a subsidiary.

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Question added by Moataz Elsabawy , مدير مالى , مجموعه شركات الانصار
Date Posted: 2017/04/26

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Mohamed Azmy
by Mohamed Azmy , Finance Manager , Napata

Goodwill must be tested annually

Ronaldo Moscosa CPA
by Ronaldo Moscosa CPA , Accountant , Madi Bin Askar Al Hajri Sons Co

For me the two options, According to standard, Goodwill must be tested at least annually and if there are indications of impairment.