Stout performed long-lived asset impairment testing procedures under IFRS related to three domestic manufacturing facilities for a product designer/manufacturer of injection and sheet molded products.

The work included identification of the cash generating unit (CGU) to be tested, inspections of all three manufacturing facilities, utilization of both the market and cost approaches to value, and estimation of the fair value of the company’s personal property, real property, and right-of-use assets.

Stout’s analysis was successfully reviewed by a national audit practice, and Stout was able to assist the client accurately and efficiently with its financial reporting requirements.