risk
Valuation and impairment misstatement
Goodwill/long-lived-asset impairment not recognized, understated allowances for doubtful accounts, omitted inventory NRV write-downs, misstated pension/OPEB and contingent-liability reserves, and unassessed deferred-tax realizability — carrying assets above recoverable amounts.
Record JSON · Open in map · Data retrieval guide
Catalog revision: f368a6cce277037e4b1e1ff46004e3acd295f96c9ac63a411a0e45775a7f468e. A connection does not establish full coverage.
Attributes
- category
- financial_reporting
- domain
- Financial Reporting Controls (SOX)
- taxonomy
- sox-rmm-assertion
- inherent_rating
- high
Details
- risk_id
- fin-valuation-impairment
- category
- financial_reporting
- likelihood
- medium
- impact
- high
- inherent_rating
- high
- treatment
- mitigate
- taxonomies
- sox-rmm-assertion
Source
No record-specific source URL is provided.
Connections
- UC-FIN-02 — Review financial results and the period-end close mitigates Valuation and impairment misstatement
- strength
- primary
- rationale
- Management review of significant estimates challenges impairment, allowance and reserve valuations.
- UC-FIN-01 — Deploy financial control activities through policies mitigates Valuation and impairment misstatement
- strength
- related
- rationale