IAS 36: Impairment of Assets
Requirements to ensure assets are not carried at more than their recoverable amount, including cash-generating unit (CGU) identification and impairment testing.
Why IAS 36 matters
Annual goodwill impairment tests, plus indicator-based tests for other long-lived assets, are heavily inspected. Bad assumptions in a discounted-cash-flow model cascade.
Framework: International Accounting Standards (IAS)
IAS were issued by the IASC before being superseded by the IASB. Many IAS remain in force and are part of IFRS as adopted in Canada.
Primary source: IFRS Foundation
Frequently asked
What is IAS 36?
Requirements to ensure assets are not carried at more than their recoverable amount, including cash-generating unit (CGU) identification and impairment testing.
Why does IAS 36 matter for an audit?
Annual goodwill impairment tests, plus indicator-based tests for other long-lived assets, are heavily inspected. Bad assumptions in a discounted-cash-flow model cascade.
Which framework does IAS 36 belong to?
IAS 36 falls under International Accounting Standards (IAS). IAS were issued by the IASC before being superseded by the IASB. Many IAS remain in force and are part of IFRS as adopted in Canada.
Related standards — International Accounting Standards (IAS)
See how Auditus checks IAS 36
Auditus.ai runs PCAOB, ISA, and CAS engagements end-to-end and cites the exact standard behind every finding — including IAS 36.