On the other hand, AASB 136/IAS 36 'Impairment of Assets' includes IAS 36 'Impairment of Assets' addressed by the International Accounting Standards Board. Contents Executive Summary1 Answer 1 3 Introduction 3 Accounting for contingent liabilities as per AASB 137 3 Accounting implications of lawsuits in financial statement3 Conclusion3 Answer 2:4 Introduction 4 Accounting for internally generated intangible assets and impairment of intangible assets regarding AASB 138/IAS 13836 4 Differences between accounting for internally generated intangible assets