Ias 40 investment properties - audit evidence, Auditing

IAS 40 Investment Properties - Audit Evidence

Typical audit evidence might include:

  • Physical verification of the situation and location of the investment property and confirmation such it is not owner occupied.
  • Valuer's report where internal or external including the time(s) of valuation; base required for open market, suppositions made as e.g. full occupancy, etc
  • The experience, qualifications and objectivity of the valuer's
  • The estimation of individual gains or else losses on properties disposed of.
  • Representations from or else enquiries of management in respect of the treatment of investment properties
  • Review of earlier information for consistency as e.g. financial statements from earlier years
  • Management's impairment review, whether any
  • The proposed note disclosure reflecting the fair and true override.
Posted Date: 1/25/2013 2:48:22 AM | Location : United States







Related Discussions:- Ias 40 investment properties - audit evidence, Assignment Help, Ask Question on Ias 40 investment properties - audit evidence, Get Answer, Expert's Help, Ias 40 investment properties - audit evidence Discussions

Write discussion on Ias 40 investment properties - audit evidence
Your posts are moderated
Related Questions
In order for auditor to perform audit as per GAAS, only programming independence is required from the audit client. Ans: Yes I agree with the statement as: Programming independe

Statistical sampling – Advantages a) It is scientific and defensible; b) It provides a precise mathematical statement about probabilities of being correct; c) It is efficie


Furniture, Fixtures and Disposal of Non-Current Assets Furniture, fixtures and fittings The only matter here to note is the depreciation of fittings and fixtures.  Since

The modern approach allows one audit of an auditable entity with one comprehensive report. One additional advantage is that this approach assists in staff development and retention

Develop a list of tasks the auditor should perform in planning this audit engagement, before any audit testing begins. Ans: It is in the interest of both client and auditor t

Long Term Contracts - Audit Process The authoritative document with reference to long term contracts is IAS 11: Construction Contracts and IAS 18: Revenue Recognition, and ISA


Will I be able to download immediately once I purchase this assignment?

Accounting Requirements - IAS 40 Investment Properties IAS 40 prescribes the accounting treatment about investment property and related disclosure necessities.  Investment