Disclosure requirements - investment, Auditing

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Disclosure Requirements - Investment

In common terms, the following items have to be disclosed in the concern to all investments:

(a) The accounting policies about:-

  1. Verifying of carrying amount of investments
  2. The treatment of changes in market price of recent investments carried at market price
  3. The treatment of a revaluation surplus on the sale of a revalued investment

(b) The significant amounts involved in income about:-

  1. Dividends royalties, interest and rentals on long term and recent investments
  2. Losses or profits on disposals of current investments
  3.  Changes in value of which investments

(c) The market price of marketable investments whether they are not carried at market price

(d) The fair price of investment properties whether they are accounted for as long term investments and no carried at fair price

(e) Significant restrictions on the feasibility of income and proceeds of disposal of investments or the remittance

(f) For long term investments stated on revalued amounts

  1. The policy in favor of the frequency of revaluations
  2. The date about the latest revaluation
  3. The basis about revaluation and where an external value was included

(g) The movements for the time in revaluation surplus and the nature of as movements

(h) For enterprises whose main business is the holding about investments analysis of the portfolio of Investments.


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