Audit Procedures - Intangible Assets, Auditing

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







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
Related Questions
what is statutory audit and private audit

Reference to an expert in the Auditor's Report When issuing an unmodified auditors report, the auditor should not refer to the work of the expert.  This is because such a refe

Q. Which of the following statements is not considered a disadvantage of the corporate form of organization? a. Additional taxes b. Government regulations c. Limited liability of s

Process to Adopt Liabilities It is significant that the auditor realises which such liabilities can exist and he should obtain reasonable steps to unearth them whether they ex

Question: Explain the type of audit conducted by the sponsor when he suspects or comes to know that the site will be audited by FDA. A Mention type of audit conducted by the

The Concept of Audit Evidence Auditing is an evidence gathering exercise. It is an exercise carried out to confirm the assertions made by the management in carrying out the man

With reference to the case study business, plan an audit. You should make specific reference in your plan to: Scope of the audit Materiality Risk factors including fra

Techniques of obtaining evidence ISA 500 mentions them as: (a) Inspection of records or documents, (b) Inspection of tangible assets, (c) Observation, (d) Inquiry, (e) C

For each threat explain how it might be avoided.

project report on absorption of overhead and its different method