IAS 36 – Impairment of assets

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Although IAS 36 ‘Impairment of Assets’ is not a new Standard, and many of its requirements are familiar, IAS 36’s guidance is detailed, prescriptive and complex in some areas. Given this, it is often challenging to apply in practice.

The articles in our ‘Insights into IAS 36’ series have been written to assist preparers of financial statements and those charged with the governance of reporting entities understand many of the requirements set out in IAS 36, and re-visit some areas where confusion has been seen in practice.