Companies are obliged to adjust the value of their assets to their respective recoverable value if it is lower than their accounting value.
Therefore, companies need to test this value (Impairment test) whenever it is suspected to be lower than the accounting value, or at least once a year.
The norm that regulates this test is CPC 01.
In accordance with this norm, there are two ways to evaluate the recoverable value:
The norm has specific – often complex – terms for calculation of the recoverable value of intangible assets and goodwill.
At SETAPE, we are trained and have significant experience in Impairment test projects for our clients.