Get the tools you need to make the auditing process a breeze


Tis the season for impairment | Get the tools you need to make the auditing process a breeze

Impairment is one of ASIC’s key areas of focus again for 30 June 2019, so we’ve summarised the resources and tools available to assist you in preparing your analysis.

Summary of key impairment issues

A great summary of impairment concepts is available in the Chartered Accountants Audit Committee Guide which was co-authored by Leadenhall. It covers what impairment means, why it is important and raises questions directors should ask in relation to the methodology used, projected cash flows and disclosures. The guide is designed to provide useful information for directors for year-end reporting in understanding some of the more detailed requirements of asset impairment testing.

Free tools

Did you know that Leadenhall offers a range of free tools and resources? We’re pleased to provide the following models to assist with your impairment preparation.

  • Impairment model – in addition to our standard DCF valuation model, we’ve prepared a free rate impairment-specific DCF model which you can use for your analysis, available here.
  • Discount rate model – we’ve prepared a free discount rate model which allows you to correctly build-up a discount rate from first principles which is available here.

To complete the discount rate model, you’ll need our latest assessment of market risk premium (MRP). You can find the latest one here, under ‘Articles & Publications.’

Economic snapshots

Our international affiliates at VRG have just released the Q2 2019 economic snapshots for 16 countries which you can leverage for estimating long-term macroeconomic assumptions for these regions such as inflation, GDP growth, etc. Coverage includes: United States, Argentina, Australia, Brazil, Canada, China, Colombia, France, Germany, India, Italy, Japan, Mexico, Spain, Switzerland and United Kingdom. Click here to view the snapshots.


You can access a range of training on impairment and other related topics via the Chartered Accountants website, including an impairment fundamental series (via recorded webinar) presented by Simon Dalgarno (Leadenhall) and Kevin Frohbus (BDO). Click here to access the training or learn more.


Whilst you can access a range of free tools and resources, please remember we’re always here if you have a question or need a hand. Click here to contact us for further support.




leadenhall's market discount rate update 31 March 2024


Markets have declined over the last quarter as persistent inflation and the potential for further rate rises continue to weigh on the ASX 200. These fears have seen a rapid increase in government bond yields over the last month. With market conditions continuing to evolve rapidly, we have provided an update on our assessment of discount rates as at 30 September 2023.

Appraisal Foundation brief Professional Interactions Unique to Fair Value for Financial Reporting

Guidance regarding interactions between auditors and valuers

The Appraisal Foundation recently issued for comment a draft valuation brief titled Professional Interactions Unique to Fair Value for Financial Reporting. The article made several practical recommendations that are applicable to almost all auditor and valuer interaction.

Discount Rate 31 Dec 2023

Market Discount Rates – 31 December 2023

Optimism around the easing of inflation and potential interest rate cuts led to a rally in equity markets towards the end of December 2023. With markets continuing to fluctuate significantly, the selection of a reasonable discount rate remains a key consideration, whether for the purpose of financial reporting or for any valuation analysis.