You are a recent accounting graduate and have been employed in the Financial Reporting Unit of The Star Entertainment Group, an ASX listed firm (ASX:SGR). Preparations are underway for the completion of the general purpose financial report for the year ended 30th June, 2022 and you have been asked by the Chief Financial Officer to identify any major accounting issues which will need to be considered. Your attention is drawn to recent press reports (available on Canvas) suggesting at a minimum that there are some concerns relating to the companys ability to continue as a going concern or more likely the indication that parts or all of the companys business is experiencing some indicators of impairment. Of particular interest to us is the extent to which AASB 136 would affect a need to undertake asset impairment adjustments. Required You are required to prepare a report for the CFO considering whether impairment of assets is an issue requiring address for the firm. The report should, with reference to AASB 136: a) Outline what evidence is there that impairment testing of assets is necessary; b) The processes required to be addressed in determining any asset impairments that might be necessary c) The information needed in determining asset impairments d) Evaluate the flexibility management has available in the determination of asset impairments