South AfricaImpairment testing of acquired intellectual property in developing economies

This is an Insight article, written by a selected partner as part of IAM's co-published content. Read more on Insight

When they were first implemented, International Financial Reporting Standard (IFRS) 3 and International Accounting Standard (IAS) 38, requiring acquired goodwill and intangible assets with indefinite useful lives to be tested annually for impairment, caused some surprise in the investment community.


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