Audit of holding companies and group accounts, Auditing

Audit of Holding Companies and Group Accounts

Authoritative documents are as:

  1. The Companies Act Cap 486
  2. IAS 27
  3. IAS 28
  4. IAS 31
  5. IFRS 3
  6. ISA 600 requiring the work of other auditor

The Companies Act necessitates that whether a company at its year finish has a subsidiary after that the directors of that company called a holding company are necessary to produce consolidated accounts or group accounts that show a fair and true view of the state of affairs and the conclusions of the company and its subsidiaries like far as they regarded the members of the holding company.

Posted Date: 1/28/2013 4:46:33 AM | Location : United States







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

Write discussion on Audit of holding companies and group accounts
Your posts are moderated
Related Questions
Beneficial Ownership and Existence Existence Existence of buildings and Land is not hard to display. You may even be sitting in such building.  Conversely, the audito

Ask quesThe following situations involve a possible violation of the MIA ByLaws (on professional ethics, conduct and practice). For each situation, (1) decide whether or not the Co

Definition of Audit Evidence "Audit evidence" which is all the information used through the auditor in arriving on the conclusions on such the audit opinion is support, and in

Benefits of Internal Audit are following: It is in-expensive. No charted accounted is needed to audit internally. Faults will be removed before preparing financial stateme

Framework of critical thinking principles (a) Identify the key steps in this framework/ concept. (b) Briefly explain each of the key steps, in your own words. Ans: Thin


Specialized Audit Situations Companies carry on thousands of different types of trade, business or professional activities.  It is not possible in a manual on general auditing

Long Term Contracts - Audit Process The authoritative document with reference to long term contracts is IAS 11: Construction Contracts and IAS 18: Revenue Recognition, and ISA

Q. Walkthroughs for auditor? Walkthroughs provide the auditor with evidence to: 1. Confirm auditor's understanding of the process flow of transactions. 2. Confirm auditor

Forms of evidence a) Observation: is usually witnessing internal control and book-keeping procedures. It includes attendance at wages pay out. Observation of stock-take, open