Impairment Implications of COVID-19 (IAS Impairment of Assets)

The COVID-19 outbreak brought significant impact on businesses and posed challenges to financial reporting, especially on the impairment assessment of non-financial assets.

The BDO Bulletin focuses on the financial reporting implications in relation to the impairment requirement of FRS/IAS 36, which applies to most non-financial assets.

For further resources on applying the requirements of IAS 36 and other IFRSs, please refer to BDO resources such as IFRS In Practice publications and online training, which are available on BDO’s IFRS Reporting Hub.

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