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.