Audit Procedures - Intangible Assets

The auditor's process as far as goodwill is relating would involve as:

a) Vouching for details as per the buy agreement of the values attributed to the assets purchased and where the price contained was reasonable seems similar businesses.

b) Review of the accounts of the business relating and find out where the business is profitable and therefore can justify the continued recognition of kindness as an asset.

c) Consider impairment tests in accordance along with IAS 36. As bottom up and top down tests within IAS 36 Impairment of Assets

d)  Seems the requirements of ISA 545 Auditing Fair Value measurements

Posted Date: 1/25/2013 2:12:42 AM | Location : United States

Ask an Expert

Related Discussions:- Audit Procedures - Intangible Assets, Assignment Help, Ask Question on Audit Procedures - Intangible Assets, Get Answer, Expert's Help, Audit Procedures - Intangible Assets Discussions

Write discussion on Audit Procedures - Intangible Assets
Your posts are moderated

Write your message here..

Related Questions

Memo 2, Mr. Howe, a Junior Partner of the CPA firm Dewey, Cheatem, & Howe ... Mr. Howe, a Junior Partner of the CPA firm Dewey, Cheatem, & Howe (DCH), after noting that there is a proposal to limit Auditor liability is very excited and has announced that th

Describe the detailed audit works, Your firm has recently been appointed au... Your firm has recently been appointed auditors of the Social Transport Corporation and you are commencing the audit of the wages system. The Corporation has about 2500 employee

Auditors procedures during stock taking, Auditors Procedures During Stock T... Auditors Procedures During Stock Taking The main task during stock taking is to ascertain where the client's employees are carrying out their commands properly. It is particul

Auditing, State the FIVE threats contained within Auditor''s Code of Ethics... State the FIVE threats contained within Auditor''s Code of Ethics and Conduct and for each threat list ONE example of a circumstance that may create the threat.

PUBLIC SECTOR AUDITING, WHAT ARE THE MAIN PURPOSE OF HAVING PUBLIC SECTOR A... WHAT ARE THE MAIN PURPOSE OF HAVING PUBLIC SECTOR AUDITING

Necessity of accountant, Necessity of Accountant The accountant is no... Necessity of Accountant The accountant is not necessary To expand his enquiries beyond the information enclosed in the relevant documents as supplemented through such e

Relevance of ias / ifrs to auditing, RELEVANCE OF IAS / IFRS TO AUDITING ... RELEVANCE OF IAS / IFRS TO AUDITING The auditors should involve in their report that their view on whether the financial statements they report are true and fair view. It is comm

Forms of evidence, Forms of evidence a) Observation: is usually witne... 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

# EDP auditing, how EDP audit is carried out how EDP audit is carried out

Analyses of audit effort, Develop a list of tasks the auditor should perfor... Develop a list of tasks the auditor should perform in planning this audit engagement, before any audit testing begins. Ans: It is in the interest of both client and auditor t