Part A respond to the following questions and support the yes or no answer you give with appropriate citations from the FASB Codification or IAS reference.

1. Is impairment of goodwill reversible under United States Generally Accepted Accounting Principles (GAAP)
2. Is impairment of goodwill reversible under International Financial Reporting Standards (IFRS)?

Part B Compare and contrast the requisite goodwill impairment testing procedures under IFRS vis--vis U.S. GAAP?