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Beneficial Ownership - Audit Process
We have to examine documents of title as e.g. title motor vehicles, deeds and log books. Whether there are no implied ownership can suffice, titles for example stock items might have no title documents since the fact such is we ordered them, we received them, we paid for them, they are in our warehouse, nobody or else is laying claim on them, and then it follows through implication which they are ours. However this also includes substance over form transactions. Whether the commercial reality of a transaction is which the risks and rewards of ownership reside in the user rather then there is strong evidence that the user for all convenient purposes is the owner of the asset and have identify it as that despite contrary indications since of legal arrangements in the existence.
Plz assist me with these questions The auditors for Weston University are conducting their audit for the fiscal year ended December 31, 2011. Specifically, the audit firm is now
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What are the strength of Stock transfer note
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Necessity of Accountant The accountant is not necessary To expand his enquiries beyond the information enclosed in the relevant documents as supplemented through such e
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