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
Insurance Companies Authoritative documents involved as: The Insurance Act The Companies Act IFRS 4 Insurance Contracts The major legislation governing insu

#quInternal Audit checklist for fixed assetsestion..

Permanent Audit File The permanent audit file might include, inter alia: a) A copy of the enterprise's statutes and other legal or statutory documents governing the enterpri

Accounting Treatment Prescribed by IAS 38 IAS 38 prescribes the accounting treatment about to intangible assets, except: a) Intangible assets which are under the scope of a

Question: "The planning, testing, and evaluation of audit evidence for indicia of fraud are unlikely to be successful without that attitude, particularly because fraud is a cri

Planning for Stock taking Stock taking should be planned well in carried out and advance carefully and systematically through persons fully informed of the duties involved. Th

The auditors for Weston University are conducting their audit for the fiscal year ended December 31, 2011. Specifically, the audit firm is now focusing on the audit of revenue from

how do internal controls affect or improve the goals of a bussiness firm

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

Key Audit Areas Key audit areas in detail (a) Ascertainment of creditors and debtors:   Insurance companies do not keep their personal ledgers in such a way as to prod