Auditing & Accounting experts predicted that impairment testing on intangible assets, investments, fixed assets, assets, etc ought to be considered critically in a specific basis in the forthcoming year, after the credit recession.
The recession has influenced the stock prices decrease, the value of the intangible assets sank appropriately. The recession provides a trigerring factors for the impairment testing.
As a result, the auditors ought to emphasize to the customers that the impairment testings need to be executed earlier ( rather than from time to time near the audit), as the impairment testings essential very often. Rigorous analysis by auditors are important, because financial statements users will likely be utilizing the financial statements more very carefully.
