Financial instruments - ias 32 and ias 39, Auditing

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 convertible debt.  The typical audit toward will involve -

  • Verification of the investigation between debt and equity and suitable designation to reserves and capital or liabilities
  • Performing tests for arithmetical or mathematical accuracy
  • Ensuring such the discount rates needed are realistic
  • Ensuring such other base data in assigning is correct as e.g. the correct conversion date has been utilize.
  • Ensuring such the detailed disclosures requirements are met.
Posted Date: 1/25/2013 2:52:01 AM | Location : United States







Related Discussions:- Financial instruments - ias 32 and ias 39, Assignment Help, Ask Question on Financial instruments - ias 32 and ias 39, Get Answer, Expert's Help, Financial instruments - ias 32 and ias 39 Discussions

Write discussion on Financial instruments - ias 32 and ias 39
Your posts are moderated
Related Questions
Techniques of Obtaining Evidence ISA 500 mentions them as such: Inspection of documents or records, Inspection of tangible assets, Observation, Inq

Length: 2000 words Submission method options Alternative submission method Task Question 1 (5%) Case: Battersby and Associates Chartered Accountants is a successful mid-tier ac

list four assertions that relate to account balances

Verification Procedures - Long-Term Liabilities a) Received a schedule detailing the sums due at the starting of the year, redemptions and additions and the sum due at the yea

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

Sales are shipped FOB shipping point with credit terms n/45. You have verified that the last shipping number used in 2009 was 261,336 and that numbers were used in numerical order.

Trademarks and Patent Trademarks and then written off over their useful lives and patents may be capitalized along with any renewal fees being charged to revenue. Whether a tr

Conducting a critical review of published literature about a topic is fundamental step in developing your research skills. A first step towards a review of the literature is to sea

Internal Control Procedures: As an auditor, you have discovered the following problems with the accounting system control procedures of Jim's Supply Store. For each of the followin

discuss the factors affecting the sufficiency of audit evidence