In view of the COVID-19 situation, selected ISCA’s CPE courses/sessions will be delivered via Live Webinar.

Please do check the details before confirming your registration for the course/session.

Programme Objective
This course allows participants to explore the practical issues in relation to audit of FRS 36 Impairment of Assets in greater detail and how to overcome them.

Programme Outline

• Introduction
• Identifying assets such as goodwill and investments in subsidiaries/associates that may be impaired
• Measuring recoverable amount: ‘fair value less costs of disposal” and ‘value in use’
• How to properly audit discounted cash flows forecasts and ask the “right” questions to challenge the forecasts
• The use of professional skepticism and why it is important to demonstrate it
• Recognition of an impairment loss
• Reversal of impairment – common pitfalls
• Presentation and disclosure

 
The session will also include a compilation of regulators’ findings on impairment testing and how to avoid the pitfalls.
 
Training Methodology
Lecture style with case studies
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme for audit seniors to audit partners on the techniques needed to perform proper audits of impairment assessments

Programme Facilitator(s)