Checking consolidation papers, Auditing

Checking Consolidation Papers

The auditor pays particular concentration to the calculation of:

a) Goodwill arising on consolidation and acquisition

b) Post-acquisition and pre-acquisition profits

c) Minority interest

d) Treatment of intercompany profits in stocks

e) Agreements of intercompany indebtedness

f)  Essential cancellations in respect of intercompany cash in transit

g) Turnover, not including group trading

h) Essential adjustments in respect of group companies along with different accounting period end

i) Taxation

The consolidated accounts must comply along with all relevant accounting and legal needs.

Posted Date: 1/28/2013 4:57:24 AM | Location : United States







Related Discussions:- Checking consolidation papers, Assignment Help, Ask Question on Checking consolidation papers, Get Answer, Expert's Help, Checking consolidation papers Discussions

Write discussion on Checking consolidation papers
Your posts are moderated
Related Questions
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

For each threat explain how it might be avoided.

Financial Instruments - IAS 32 and IAS 39 IAS 39 and IAS 32 are examinable to the extent such they deal along with the presentation and measurement of equity, debt or else con

I have some questions in ACL PROGRAME . IF YOU CAN HELP ME

#Fortex Limited, the meat processing firm, was formed in 1985 from three smaller companies. In 1993, however, after a few years of spectacular growth, the company collapsed. a) S

Financial Institutions and Banks - Audit Situations Financial Institutions Because of the recent collapse of many financial institutions, this is still a heavily regu

Fraudulent financial reporting Involves intentional misstatements or errors of amounts or disclosures in financial statements to mislead financial statement users. Fraudulent f


An audit team is currently engaged in planning the audit of the financial statements of E Limited as at 30 June 2011. This was the first accounting period during which all the tran

main areas contained in a private audit