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…