Significant influence is the power to participate in the financial and operating policy decision of the investee. Per FRS28, a 20% Equity is presumed to have significant influence. Unless there is clear evidence to prove it.
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See AllPer FRS 109, para 5.1.1, financial assets such as equity instruments shall be initially measured at fair value. And subsequently measured...
In Singapore FRS 36, paragraph 96 ”The annual impairment test for a cash-generating unit to which goodwill has been allocated may be...
When there was a judgement made in prior year without concrete evidence of support. The audit should have qualified it. When in...
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