Audit of Group Accounts

The main problems can be split into three sections in this area as:

1. The audit of the holding company confirming and obtaining information concerning subsidiaries

2. Examination consolidation working papers as well as

3. Replacing reliance on the work of another auditors

The audits of the accounts of a holding company follow the same lines as any company audit. Nonetheless, consideration specially has to be provided to the dealings along with and presentation of investments in subsidiary companies.

Posted Date: 1/28/2013 4:52:01 AM | Location : United States

Ask an Expert

Related Discussions:- Audit of group accounts, Assignment Help, Ask Question on Audit of group accounts, Get Answer, Expert's Help, Audit of group accounts Discussions

Write discussion on Audit of group accounts
Your posts are moderated

Write your message here..

Related Questions

Long-term liabilities, Long-Term Liabilities Long-term liabilities are... Long-Term Liabilities Long-term liabilities are generally evidenced through an agreement called a debenture. For this purpose, long-term loans are often called debentures. The

Auditor''s duty - audit process, Auditor's Duty - Audit Process The au... Auditor's Duty - Audit Process The auditor has a responsibility to express a thought on the truth and fairness and compliance along with legislation, of the accounts. The valu

Summary of ias 2, Summary of IAS 2 Inventories are measured at the low... Summary of IAS 2 Inventories are measured at the lower of cost and net realizable value. Entire realizable price is the calculated selling price in the regular course of busin

Initial identification - intangible asset, Initial Identification - Intangi... Initial Identification - Intangible Asset Subsequent to initial identification, an intangible asset is carried at: a) Cost, less any accumulated amortization and any accumu

Audit /internl control.., Ask You are the senior auditor assigned to the te... Ask You are the senior auditor assigned to the team performing an audit for Restorative Pharmaceutical Corporation (RPC), a 10-year-old publicly held corporation listed on the New

Auditing, YvesLaurent has just been put in charge of the BeautyNatural Inc.... YvesLaurent has just been put in charge of the BeautyNatural Inc. audit.BeautyNatural is a small, but growing retail chain of natural cosmetics stores. BeautyNatural needs to borro

Types of EDP accounting systems, what is service bureau system what is service bureau system

Explain audit risk -identify factors- audit work-planning , You are the par... You are the partner in charge of the audit of Drugs4U Ltd, a company which develops, manufactures and sells to the a trade market a wide range of drugs which promote healthy living

Importance of related party transactions, Importance of Related Party Trans... Importance of Related Party Transactions Whenever the existence of about transactions and parties among such parties are considered ordinary features of business, the auditor

Current audit file, Current Audit File The current audit file may invo... Current Audit File The current audit file may involve inter alia: a) A copy of the audited financial statements and other report prepared such as a conclusion of audit work