The Financial Accounting Standards Board decided during a board meeting to add a project on goodwill impairment testing to its technical agenda. Processing ContentThe project will address the level at which goodwill is tested for impairment, and the frequency of the testing. They also recommended changing the level of testing goodwill impairment to the operating segment level, and indicated that testing goodwill impairment at the operating segment level would reduce operational complexity and cost. "Usually, there's a robust set of disclosures around goodwill and impairment testing when it's close," said Jones. With regard to the frequency of the goodwill impairment testing, she agreed there are significant costs associated with doing an annual impairment test.