What the document covers
The document concerns the surveillance cycle for financial years ending during 2016. It is aimed at directors and preparers checking compliance with accounting standards.
Specific requirements and implications
Directors should examine debt maturities, replacement financing and the credibility of parental support where financial difficulty exists. Significant litigation may require competent legal input and evaluation of the advice received. Loss-making segments or idle capacity can indicate impairment even when management has not recognised a charge. An annual impairment test for goodwill or indefinite-life intangibles is distinct from testing prompted by warning signs; disclosures should explain the important judgements made.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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