Discuss how the treatments and disclosures for impairment for the year ended 30 June 2021 meet the fundamental characteristics of financial reporting as per the Conceptual Framework?
Topic: Financial accounting research report In June 2022, Australian Securities and Investments Commission (ASIC) issued the following media release:22-124MR ASIC highlights focus areas for 30 June 2022 reporting where they focused on Asset value and impairment testing. The link to the media release is provided below: 22-124MR ASIC highlights focus areas for 30 June 2022 […]