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There is a requirement: Recommend the principal audit procedures to be performed on “The measurement of the intangible asset recognised in respect of the licence to operate in Farland”
What does measurement mean here? Can I cover valuation assertion of the account balance and then make sure the year end figure is correct after considering impairment and amortisation?
Thanks and regards,
Yes ifrs “measurement” rules determine carrying amount of an asset or liability – for which one of the assertions is “accuracy, valuation and allocation”.