This study sets out to offer proof of several important questions relating to the quality of information disclosed on goodwill impairment process under the new requirements of FRS 36. This study investigates the compliance level and disclosure quality of FRS 36 by top 20 of Singaporean listed firms in SGX at 2007 based on their market capitalization. In order to achieve the objective of this study, the weighted index is chosen because this index being able to differentiate the quality and importance of each mandatory disclosure under FRS 36. The weighted index was developed by constructing disclosure scoring sheet, obtaining annual reports of 20 sampled Singapore firms for particular year, completing scoring sheet for each firms by assigned weighted for the disclosure items and calculating disclosure weighted index. The weighted index was analyzed to examine the firm’s compliance with the FRS 36 disclosure requirements. The results of this study revealed that 18 out of 20 (90%) firms in Singapore failed to comply with the most basic elements of the FRS 36 pertaining to goodwill impairment testing especially in allocating goodwill into the CGUs and key assumptions used in determining the recoverable amount of CGU assets. Keywords: Impairment Testing, FRS 36, Weighted Index, Singapore.

Ever since the last two decades of the 20th century and the beginning of the 21st century, the accounting and auditing profession has faced numerous problems resulting from the collapse of major public shareholding companies in the United States, the United Kingdom, Canada, Australia and other countries, and the loss of billions of dollars , And the failure of external auditors, but some collusion in the disclosure of such abuses, and take appropriate professional action, as well as the decline of the role of internal auditors to play an effective role in the face of the phenomenon of financial corruption attributable to those companies, despite the The tremendous professional and technical developments that supported the audit profession both internal and external.The internal audit function is one of the cores of the effectiveness of jobs in various economic projects, the most important means by which rely on modern scientific management in the provision of data and information accurately and orderly and needed to make decisions and assist them in examining systems where the evaluation and safety, in the form that allows to be the goals and targets for all areas under revision.In recent years, business environment-organizations have faced rapid changes in expanded regulatory requirements and technological advances. These changes have given the internal audit function a place in the front seat to assist States in fulfilling their responsibilities. That the effectiveness of the internal audit function has become a major support function for senior management, the Board of Directors and the Audit Committee. The head of the Institute of Internal Auditors (Gerry Cox, 2007) says that today's internal auditor works hard with senior management to find solutions, adding that the internal auditor has become more focused on adding value to the organization from finding a mistake.

The paper aims to highlighting the role of leading financial indicators in forecasting financial crises in the Egyptian banking sector, how to enhance the role and effectiveness of indicators in predicting financial crises before they occur, and ways to avoid the negative effects of financial crises and their repercussions on Egyptian banks. As a result of this research, the leading financial indicators are it is an integrated system based on assessing conditions according to specific methods and strategies, which helps predict the occurrence of financial crises and prevent them from occurring, or at least reduce the size of the losses that these crises cause in the banking sector.