Counter - indications, Auditing

Assignment Help:

Counter - Indications

That the auditor has found indications of going related to non-applicability does not of itself justify instantly conclusion that the entity is not a going to relate.  Also he must seek for mitigating factors or counter-indications.  This may involve the following as:

a) Ability to raise cash through selling assets

b) Ability to receive new sources of finance as an example hiring, factoring debts, plant leasing.

c) Opportunity of rearranging debt conversion or repayments of long term debt in equity.

d) The opportunity of a rights matter.

e) Support from other collection of companies or from associated companies.

f) The probability of creating alternative trading arrangements.


Related Discussions:- Counter - indications

When does an audit trail start, Question: Explain the type of audit con...

Question: Explain the type of audit conducted by the sponsor when he suspects or comes to know that the site will be audited by FDA. A Mention type of audit conducted by the

Ias 36 impairment of assets, IAS 36 Impairment of Assets It is very ne...

IAS 36 Impairment of Assets It is very necessary for the auditor to determine the client's method for determining and accounting for impairments.  Corresponding IAS 36, 'impai

Preferred stock valuation, Preferred stock valuation 1. Features of pre...

Preferred stock valuation 1. Features of preferred stock (You may review what you've learned about preferred stock from TCA 221): a. Multiple classes in terms of convertibil

IDEA auditing software edition 8, The first work you do in IDEA IS SECTION ...

The first work you do in IDEA IS SECTION 2.5. The accounts receivable folder that you are instructed to select on page 25 is a folder that you are to create previously on page 23.

Leasehold property - audit process, Leasehold Property - Audit Process ...

Leasehold Property - Audit Process Exactly the same process is adopted for leasehold buildings and land as applied about freehold buildings and land except in the matter of de

Describe the ethical threats, (a) State the FIVE threats contained within ...

(a) State the FIVE threats contained within Auditor's Code of Ethics and Conduct and for each threat list ONE example of a circumstance that may create the threat. (b) You a

Adudit, For each threat explain how it might be avoided.

For each threat explain how it might be avoided.

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