Impairment assessment is a critical process in financial reporting to ensure that tangible assets are carried at no more than their recoverable amount. It is essential for maintaining the accuracy and integrity of a company's financial statements in accordance with accounting standards such as Ind AS, IFRS, or relevant GAAP frameworks.
A tangible asset is considered impaired when its carrying amount exceeds its recoverable amount, which is defined as the higher of its fair value less costs of disposal and value in use. Timely identification and accurate quantification of impairment are necessary to reflect the true economic value of the asset and to comply with regulatory and audit requirements.
Multi Engineers provides specialized impairment testing and valuation services for a wide range of tangible assets, including Land and buildings, Plant and machinery, Industrial and infrastructure assets, specialized production equipment
Our impairment assessments involve:
We work closely with finance teams, auditors, and management to deliver clear, audit-ready reports that support informed decision-making and transparent financial disclosures.
With deep expertise in asset valuation and accounting compliance, Multi Engineers ensures that impairment assessments are objective, accurate, and aligned with both operational realities and financial reporting standards.
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