Financial Statements Review Committee (FSRC)

Understanding the Use of Discount Rate in the Assessment of Impairment in Goodwill

Goodwill is an intangible asset that typically arises in the context of business combinations.

Financial Reporting Disclosures: Statement of Cash Flows

In the current uncertain and volatile economic environment, some entities face a downturn in their business, and this hence impacts their profit and liquidity position.

Financial Reporting Disclosures: Going Concern Assessment and Disclosures

One of the key areas commonly reviewed by the MIA Financial Statements Review Committee (FSRC) is on the application of the “going concern” assumption…