You are absolutely right about Goodwill and other similar intangible assets. It is rare, more than rare, that Intangible Assets are ever a 'significant' part of the assets. Much less the overwhelming majority of assets!!!
When you read the balance sheet, one should deduct 2.65 Million from the Assets, if not the full 2.7 Million to see an accurate picture. The fact that a CPA would attach his name to an evaluation like this is disturbing. For me, as an accountant, it puts into suspicion everything else in the F/S.