Credence Consultants was established with the objective to provide quality business advisory services with valuation across asset classes as its primary focus
At Credence Consultants, we specialize in providing comprehensive impairment study services tailored to meet the diverse needs of businesses across various industries. Our expertise spans a wide range of assets, including equity investments, goodwill, and other intangibles, ensuring that your financial reporting remains accurate and compliant with global accounting standards.
Ind AS 36 "Impairment of Assets" serves as our guiding framework, mandating that entities meticulously assess their assets' carrying values against their respective recoverable amounts. This standard encompasses not only tangible assets but also financial assets like subsidiaries, associates, and joint ventures. Our team at Credence Consultants meticulously navigates through the intricacies of Ind AS 36, ensuring that your assets are valued accurately and in accordance with regulatory requirements.
Under the guidance of Ind AS 36, goodwill and other intangible assets require regular evaluation for impairment. Our proactive approach ensures that these assessments are conducted at least annually or whenever there's a hint of impairment. By staying ahead of potential issues, we help mitigate risks and maintain the integrity of your financial statements.
Impairment studies serve as a critical tool for both management and auditors, providing assurance that the books of accounts accurately reflect the true state of affairs. At Credence Consultants, we view our relationship with clients as a collaborative partnership aimed at achieving financial clarity and transparency. Our dedicated team works closely with you to understand your unique business challenges and tailor our services to meet your specific needs.
Central to our impairment study services is the establishment of fair value and "value-in-use" assessments. Through rigorous analysis and valuation methodologies, we help determine the recoverable amounts of your assets and cash-generating units (CGUs). By leveraging our expertise, you can make informed decisions that optimize your asset utilization and drive sustainable growth.
With Credence Consultants by your side, you can trust that your impairment study needs are in capable hands. Our dedicated team of professionals is committed to delivering accurate, timely, and insightful solutions that empower you to navigate the complexities of asset valuation with confidence. Experience the difference of partnering with a trusted advisor who is dedicated to unlocking value and driving financial success for your business.
