WHY ASIC CONTINUES TO FOCUS ON IMPAIRMENT TESTING

LATEST NEWS

WHY ASIC CONTINUES TO FOCUS ON IMPAIRMENT TESTING AND HOW YOU CAN ASSESS YOUR DISCOUNT RATES RELIABLY

With impairment testing and asset values once again a key focus for ASIC in relation to the 30 June 2015 reporting period, you and your board will want to ensure the process is robust including selecting discount rates that are reasonable. Click here to download our full analysis

OTHER NEWS

leadenhall's market discount rate update 31 March 2024

STABLE MARKET DISCOUNT RATES

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.