US GAAP-IFRS COMPARISON SERIES: IMPAIRMENT OF GOODWILL, TANGIBLE AND INTANGIBLE ASSETS
06 December 2020
Guidance related to assessing and recording impairment of assets is found in IAS 36 Impairment of Assets
and in IFRS 5 Non-current Assets Held for Sale and Discontinued Operations for entities complying with
international accounting standards, and in ASC 350 Intangibles – Goodwill and Other and ASC 360
Property, Plant and Equipment for entities complying with US accounting standards.