Identify specific issues that the directors should consider when reviewing the impairment calculations that will shortly be prepared by management. For each issue identified, explain how it is specifically relevant to company.
Impairment testing relies on the value of assets estimated by discounting future cashflows with appropriate discounting rates.The extent to which directors can rely on the Management's work in impairment depend on the circumstances which include:
Get Answers For Free
Most questions answered within 1 hours.