Financial Accounting and Reporting

Under U.S. GAAP, pro forma information must be disclosed for current and prior periods presented. What is required under IFRS?

Is goodwill impairment testing is a one-step test under IFRS or U.S. GAAP?

Under U.S. GAAP, goodwill is allocated to the reporting units. What occurs under IFRS?

Under IFRS, contingent assets are not recognized. What occurs under U.S. GAAP?