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COVID-19: Considerations for impairment testing

COVID-19: Considerations for impairment testing

Key issues to consider in conducting an impairment review under COVID-19

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The outbreak of COVID-19 is placing unprecedented pressures on the communities and businesses. The deterioration of the financial performance or sharp drop in stock price which leading to the market capitalisation dropped below their net book value are likely to be triggering events for impairment testing under IAS 36.

This publication sets out the key considerations in conducting an impairment review in response to the potential challenges under the current market environment.

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