NFRA Announces Webinar on Impairment of Assets: Find Schedule of Technical Sessions
The session centres around the Audit Standards set by “Impairment of Assets - Ind AS 36’
The National Financial Reporting Authority ( NFRA ) has announced an upcoming webinar on “Impairment of Assets - Ind AS 36”, set to take place on Wednesday, 26 November 2025.
The session forms part of the Authority’s initiative to strengthen India’s financial reporting ecosystem and enhance awareness of critical accounting and auditing concepts.
Understanding Impairment of Assets - Ind AS 36
Impairment of assets means checking whether a company’s assets are shown in the books at more than the amount that can realistically be recovered from them. Under the Ind AS 36 standard, an asset is considered impaired if its book value is higher than the amount the company can recover - either by selling the asset (after deducting any selling costs) or by continuing the asset to generate income.
The standard ensures that financial statements represent assets only at their actual worth, promoting accuracy and transparency to investors and regulators.
Programme Schedule and Technical Sessions
4:00 PM - 4:10 PM | Regulator’s Expectation & Words of Wisdom
This opening session will highlight NFRA’s perspective on ensuring fair presentation of asset values and audit discipline in financial reporting.
4:10 PM - 5:10 PM | Decoding Value-in-Value: Accounting Concepts and Practices
A detailed discussion on the valuation models, cash flow projections and accounting impairment assessments.
5:10 PM - 5:40 PM | Challenging Valuation Myths: The Auditor’s Role in Impairment Reviews
Focuses on auditors’ professional responsibilities in evaluating management’s impairment testing, including fair value assumptions and accuracy in disclosure.
5:40 PM - 5:55 PM | Q&A Session
Participants can engage with speakers on complex valuation and audit issues.
5:55 PM - 6:00 PM | Vote of Thanks & Concluding Remarks
Also Read: Auditing and EthicsStandards: Your Best Defense Against NFRA Penalties
Speakers and Participants
The webinar will feature the following distinguished professionals and domain experts:
Nitin Gupta, Chairperson, NFRA is an IRS officer (1986 batch) with nearly four decades of experience in tax administration and financial governance. Prior to his work with the NFRA, Gupta has served as Chairman of the Central Board ofDirect Taxes (CBDT) and has played key roles in leading technology-driven reforms in the compliance sector.
CA Parag Mehta, Partner - Transaction Advisory Services (Valuation & Business Modelling) at Ernst & Young (EY), India is an expert in valuation and financial modelling and is also associated with the International Valuation Standards Council (IVSC) and IPEV Guidelines.
CA Nilanjan Paul is an audit professional with over 17 years of experience in audit quality, Generally Accepted Accounting Principles (GAAP) convergence and corporate reporting. Paul is also a regular collaborator with Indian standard-setting bodies.
Webinar Details
Date: Wednesday, 26 November 2025 Time: 4:00 PM - 6:00 PM Joining Link: https://live.zoho.in/rfds-irz-udk
Finance professionals, auditors and accounting students are advised to attend this session aimed to gain insights on asset valuation, impairment recognition and audit expectations under Ind AS 36.
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