Finance
Impairment review
Formal definition
Impairment review is an assurance process in finance focused on valuing and tracking physical or digital assets over their useful life while accounting for value reduction and ownership.
What this actually means for you
Finance leads and budget owners should treat Impairment review as an operating standard: record new purchases on the asset register, apply depreciation rates consistently, and check for value loss annually, then review it at month-end and before trustee reporting cycles.
Example: During a planned change window, teams apply Impairment review as follows: the facilities manager updates the asset register after a laptop rollout and finance calculates the monthly depreciation charge. They then update evidence logs, findings summaries, and remediation actions for the next cycle.
Related guides and whitepapers
Read deeper guidance and implementation detail connected to this term.
The financial literacy trustees genuinely need, the questions they must answer, and the patterns that signal a charity board out of its depth on the numbers.
Most charity reserves policies are boilerplate trustees signed and forgot. The structure, evidence and review rhythm that turn the policy into a working tool.
The plain explanation of what cover a UK charity genuinely needs, what is optional, and the questions trustees should ask the broker at every renewal.
A practical guide to UK charity website redesigns that move the dial: scope, governance, content, architecture and the decisions that avoid common regrets.