Monitoring impairment tests

The customer was facing a prolonged absence of the consolidator responsible for the impairement testing process, as well as high turnover among the key teams involved (strategy, controlling, consolidation, group accounting). This situation led to a high risk of late closings and insufficient quality of asset impairment calculations. The aim of the assignment was to ensure the continuity, reliability and consistency of the impairement testing process, by managing coordination between the various stakeholders, while guaranteeing traceability in line with internal requirements and external auditors.

We set up rigorous coordination between working groups from the strategy, controlling, accounting and consolidation departments. Regular steering committees were set up to monitor progress, challenge key assumptions and validate conclusions. At the same time, we worked on the preparation of clear and exhaustive documentation for the various players in the process, including the external auditors and the audit committee. We also took charge of summarizing valuations, calculating impairment and drafting the technical notes required to justify accounting treatments.