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Audit of Impairment under FRS 36 - Image 1
Audit of Impairment under FRS 36
ZOOM session


3.5

CPD Hours Awarded

In Stock

$180.00/Pax

Date: 27 October 2026 ( Tuesday )

Time: 9.00am-12.30pm

This workshop qualifies for:

3.5 CPE hours in Auditing and Assurance Standards, Pronouncements and Methodology (Category 3)

 

Participant (In Person) 1

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By the end of this session, participants should be able to plan and perform an effective audit of impairment assessments under IAS 36, with particular emphasis on intangible assets and cash-generating units (CGUs).

Using an IT company as case study, participants will learn how to:

  • evaluate management’s process for identifying internal and external impairment indicators;
  • determine whether impairment should be tested at individual asset level or at CGU level;
  • assess the appropriateness of the CGU and the components included in its carrying amount;
  • audit management’s determination of recoverable amount, including VIU and FVLCD;
  • evaluate the method, significant assumptions and data used by management in accordance with ISA 540 (Revised);
  • challenge forecasts, contradictory evidence and possible management bias; and
  • evaluate sensitivity analysis, impairment headroom, disclosures and the overall audit conclusion.
  • Understanding the impairment audit
  • Auditing management’s identification of impairment indicators
  • Asset-level versus CGU-level impairment testing
  • Auditing the carrying amount
  • Auditing the impairment methodology
  • Auditing significant assumptions and data
  • Sensitivity analysis and audit conclusion

This workshop qualifies for:

3.5 CPE hours in Auditing and Assurance Standards, Pronouncements and Methodology (Category 3)

  • Audit Professionals

Chee Hay Kheong Daniel

Daniel holds an Honours degree in Accountancy from the National University of Singapore and is a Certified Information Systems Auditor (CISA). He has more than 15 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms both in Singapore and in the United Kingdom. He has also more than 5 years of senior management experience with MNCs, managing their operations in Singapore and Asia.

Daniel is a highly sought-after seminar trainer. He was an Adjunct Professor in the School of Business, Singapore University of Social Sciences and an Adjunct Associate Professor in the Department of Accounting of the NUS Business School. He served as a committee member of both the IT Committee and the Examination Committee of ISCA, and was a Committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).