goodwill impairment process under the new requirements of FRS 36. This study investigates the compliance level and disclosure … out of 20 (90%) firms in Singapore failed to comply with the most basic elements of the FRS 36 pertaining to goodwill … impairment testing especially in allocating goodwill into the CGUs and key assumptions used in determining the recoverable amount …

This study focuses on the disclosure of goodwill impairment process under the new requirements of FRS 136 – Impairment …'ah approved companies failed to comply with the most basic elements of the FRS 136 pertaining to goodwill impairment testing … especially in allocating goodwill into the CGUs and key assumptions used in determining the recoverable amount of CGU assets. The …

This study presents some evidence of discount rate selection on goodwill impairment testing under the new requirements … firms for the goodwill impairment testing with independently generated estimates of firm specific risk adjusted discount … employed the value in use method in goodwill impairment testing and defined only a single discount rate in 2007, 2006 and 2005 …