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
Existence - Plant and Machinery However this should generally be checked through physical inspection, so a problem arises.  Items of machinery and plant can be numerous mobile

Attempts at definition of the 'true and fair' view There following quotations represent authoritative views on the meaning of true and fair view. A true and fair view impli

Detail work on stocks - Audit of Current Assets Detail work on stocks is imperative in an audit, since there are other review tests that are equally important and these includ

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

assume that auditors lost a civil lawsuit for damages and the court found total losses of $5 million. if the auditors were determined to be 30 percent at fault and were the only so

Method of corrercting evidence?

Amortization and Impairment Amortization - capitalized costs would be amortized to reflect the pattern whether the related economic benefits are identified. Once commercial

Organization - Work Related Health Problems There are various organizations both government and private which conduct researches on Biomedical and Ergonomics, Behavioral Scien


Negligence in General There is no case against auditors and this made it hard to be accurate as to where the auditor’s legal liability falls.  We require therefore referring to