Checking consolidation papers, Auditing

Assignment Help:

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.


Related Discussions:- Checking consolidation papers

Historic costs methods - long term contracts, Historic Costs Methods - Long...

Historic Costs Methods - Long Term Contracts You will notice such this exercise is completely dependent on the company estimating its further costs.  This is wherever the audi

Normal audit risk, Normal audit risk Indications that an audit is a normal...

Normal audit risk Indications that an audit is a normal risk audit are: (1) The client having management and staff who are competent and have integrity; (2) Where the client h

Reliability - sources of evidence, Reliability - Sources of evidence R...

Reliability - Sources of evidence Reliability of audit evidence is influenced through its nature and its source and since it is dependent upon the specific circumstances, we c

Issues for finance leases, Issues for Finance Leases For the leases su...

Issues for Finance Leases For the leases such have been categorize as finance leases, a model uses to be checked for the following issues: (i) Check technique used to split

Ethical dilemmas in business, Write a paper (may be real or fictional) invo...

Write a paper (may be real or fictional) involving Accounting and business moral dilemmas. The paper should be 13 pages (double spaced) in accordance with APA guidelines. more des

Compare forensic investigations and financial audits, Question 1: "Whil...

Question 1: "While their roles sometimes overlap, financial statement auditors and forensic accounting investigators tackle financial fraud issues from different perspectives,

The international auditing and assurance standards board, The International...

The International Auditing and Assurance Standards Board (IAASB) is an independent standard-setting body that serves the public interest by setting high-quality international stand

Business management, B. For the one activity/process you ranked the most si...

B. For the one activity/process you ranked the most significant, identify and evaluate four risks. a. Two of the risk should be high to medium significance, and at least one shoul

Audit risks, People do not plan to fail, they fail to plan. Planning is an...

People do not plan to fail, they fail to plan. Planning is an essential feature of an effective audit. The most effective plan is one that is reduced to writing, outlining the au

Ias 40 investment properties, IAS 40 Investment Properties Audit work ...

IAS 40 Investment Properties Audit work common to all kinds of land and building will be used to establish ownership, existence and price. IAS 40 requires such companies may a

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd