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Can reversal of an impairment loss related with goodwill be made?

Accounting IAS Internal Audit External Audit Management
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Question added by Muhammad Faheem , Consultant- Accounts, Audit & Taxation , Basim Associates
Date Posted: 2013/12/05
Upvote (3) Views (7) Followers (1) Answers (7) Report Question
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Deleted user
by Deleted user

I agree with Hassan.

Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

No, it can't

Hassan Abbas awan
by Hassan Abbas awan , Senior Accountant , Green Valley premium hyper maket

No it can not be done. IAS36 specifically prohibit this.

Khalid Noor
by Khalid Noor , Accounting Manager , FedEx

Hassan has answered it well, I agree with him.

Maaz Syed
by Maaz Syed , Auditor , Deloitte and Touche

no reversal of impairment related to goodwill 

Menerva Melad
by Menerva Melad , Account Executive, Key Accounts , Graphic Home Company

no reversal

taha amer
by taha amer , Finance Manager , Arabia ‎Holding

NO

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