" The principle of IAS 36 Impairment of Assetsis that assets should be carried at no more than their recoverable amount. Recoverable amount is the amount that an entity could recover through use or sale of an asset. If an asset's recoverable amount is less than its carrying value, then the asset is impaired and IAS 36 requires that an impairment loss is recognised.... Applying IAS 36 involves significant judgement and gives rise to a number of practical considerations. Economic and political uncertainty continues to affect businesses in a number of territories and industry sectors. Declines in growth forecasts and the rapid pace of technological change are also likely to affect assumptions behind asset valuations. This means impairment testing and the related disclosures continue to be relevant and challenging topics for entities." (ICAEW, 2019).

1. Critically discuss the issues on goodwill and its impairment that continue to be topics of interest among stakeholders and standard setters. A latest real example should be included in the discussion.