if a Group has few subsidiary(which means have many goodwill for different subsidiaries) and then, that group has disposed one of the subsidiary and i have to write audit procedure
in such audit procedure, can i say
“Breakup of goodwill to confirm goodwill of ABC Ltd (disposed company) is removed ”
Since goodwill arises through the process of consolidation and is not a balance that is carried in any books, it is really confirming the exclusion of all assets (including goodwill) and liabilities from the consolidation schedule rather than removal.