1. A critical analysis of some of the complexities and key issues involved in impairment testing for mining assets. In your analysis, refer to one or more publications issued by the 'Big 4' in relations to the mining industry.
2. Provide a detailed explanation of the impairment write-down made by Evolution Mining in the year ended 30 June 2016. Your explanation should include a discussion of the asset/s that were impaired, the amount of the impairment write-down, and relevant disclosures in the 30 June 2016 financial report in relation to impairment testing.
3. In relations to the company that you are employed by (Resolute Mining Ltd), identify 5 specific issues that the Audit Committee should consider when reviewing the impairment calculations that will shortly be prepared by management. For each issue identified, explain how it is specifically relevant to your company (Resolute Mining Ltd). Hint: You may wish to refer to table 3 of ASIC information sheet 'INFO 203 Impairment of non-financial assets: Materials for directors' for a list of matters that would be relevant to the Audit Committee.