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| International Accounting Standard 36, dealing with impairment of assets.
| | (PCAOB). ''US.'' A non profit corporation established under the terms of the Sarbanes-Oxley Act to oversee the audits of public companies and broker-dealers. |
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| Issued by the International Accounting Standards Board.
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| IAS 36 seeks to ensure that an entity's assets are not carried at more than their recoverable amount (i.e. the higher of fair value less costs of disposal and value in use).
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| With the exception of goodwill and certain intangible assets for which an annual impairment test is required, entities are required to conduct impairment tests where there is an indication of impairment of an asset, and the test may be conducted for a 'cash-generating unit' where an asset does not generate cash inflows that are largely independent of those from other assets.
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| == See also == | | == See also == |
| * [[Cash-generating unit]] | | * [[Auditing Practices Board]] |
| * [[Fair value]] | | * [[Sarbanes-Oxley]] |
| * [[FRS 102]]
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| * [[Goodwill]]
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| * [[IFRS 9]]
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| * [[Impairment]]
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| * [[Intangible assets]]
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| * [[International Financial Reporting Standards]]
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| * [[Value in use]]
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| ==External link==
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| [https://www.iasplus.com/en/standards/ias/ias36 IAS 36 - IAS Plus]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:Corporate_finance]]
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| [[Category:Compliance_and_audit]]
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Revision as of 14:20, 23 October 2012
(PCAOB). US. A non profit corporation established under the terms of the Sarbanes-Oxley Act to oversee the audits of public companies and broker-dealers.
See also
