Contingencies and provisions, Auditing

Assignment Help:

Contingencies and Provisions

(i) Receive the client's schedule of provisions and seek and contingencies supporting documentation in the form of legal opinions, correspondence along with customers, environmental and technical reports.

(ii) Assess the basis of provisions for reasonableness and compliance along with IAS 37

(iii) Certify that correct calculations have been created

(iv) Physically inspect any sites in respect of that clean up restoration provisions have been created.

(v) Consider the requirement for expert technical assistance

(vi) Assess the requirement for further similar provisions


Related Discussions:- Contingencies and provisions

Auditor''s duties - audit of current assets, Auditor's Duties - Audit of Cu...

Auditor's Duties - Audit of Current Assets The auditor's duties can be summarized as follows: a) The accounting ascertaining policies adopted through the entity for pri

What is an external auditor’s responsibility, What is an external auditor's...

What is an external auditor's responsibility in regard to finding fraud?

Auditing different from studying other accounting topics, 1. Why is studyin...

1. Why is studying Auditing different from studying other accounting topics? 2. How might understanding auditing concepts prove useful for consultants, business managers, and other

General phases of control evaluation, General phases of control evaluation ...

General phases of control evaluation are: Phase 1: Understand and document • Understand the client's internal control • Document the understanding of internal control o

Fraud and error, Fraud and Error ISA 240: the Auditor’s duty to Conside...

Fraud and Error ISA 240: the Auditor’s duty to Consider Fraud and Error defines that whenever planning and performing audit procedures, computing and reporting outcomes thereby

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

Companies modes of operation, Companies Modes of Operation Some compani...

Companies Modes of Operation Some companies (especially small ones) operate without any overtly expressed plan and simply carry out the business as always, responding to market

Valuation - auditing process, Valuation - Auditing Process IAS 16 requ...

Valuation - Auditing Process IAS 16 requires that all assets for use through the business have been valued on the basis of depreciated historic costs along with one exception.

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