The Financial Accounting Standards Board voted Wednesday to move ahead with making what it has called “targeted improvements” to its standards for the accounting treatment of goodwill. Before the board voted, FASB staff detailed its recommended changes. Ditching the annual test drew support from a number of board members, including from FASB Vice Chair Hillary Salo. So I certainly would be supportive of removing the annual impairment test to help reduce costs,” Salo said during the meeting. After members cast their votes during a wide-ranging discussion, FASB Chair Richard Jones stated that the majority of the board voted for the project.