This paper investigates the level of disclosure on impairment test of goodwill in the Italian context. The research\udis based on the analysis of the consolidated financial statements 2007–2011 of companies listed on FTSE MIB of\udMilan Stock Exchange at 31st December 2012. The main objective of the research is to verify if financial crisis\udhas impacted on the level of compliance with IAS 36 and Guidelines issued by Italian Authorities. In addition, it\udtests if there are any relations between the level of disclosure and factors such as market capitalization, the ratio\udGoodwill on Equity and Impairment loss/Goodwill. Our results show that the quality of disclosure is still\udincomplete, even if it is clear that there is a significant improvement in the period covered by the analysis. In\udaddition, we observe that, at least in relation to our data, there is no relation between the quality of mandatory\uddisclosure on goodwill and the mentioned factors.
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