Financial Accounting and Reporting

How is goodwill treated under U.S. GAAP and IFRS?

How does the treatment of accounting for contingencies differ between U.S. GAAP and IFRS, once the contingencies have been recognized?

There are significant differences between U.S. GAAP and IFRS in accounting for contingencies acquired or assumed in a business combination. What are the differences?

Under IFRS, assumptions related to acquired contingencies must be disclosed. What is the case for U.S. GAAP?