What is the meaning of the term “an impairment loss of an asset” specified in accounting and the International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS)?

Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter16: Advanced Topics Concerning Complex Auditing Judgments
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What is the meaning of the term “an impairment loss of an asset” specified in accounting and the International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS)?

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