Financial instruments - ias 32 and ias 39, Auditing

Assignment Help:

Financial Instruments - IAS 32 and IAS 39

IAS 39 and IAS 32 are examinable to the extent such they deal along with the presentation and measurement of equity, debt or else convertible debt. The typical audit toward will involve -

Verification of the investigation between debt and equity and suitable designation to reserves and capital or liabilities
Performing tests for arithmetical or mathematical accuracy
Ensuring such the discount rates needed are realistic
Ensuring such other base data in assigning is correct as e.g. the correct conversion date has been utilize.
Ensuring such the detailed disclosures requirements are met.

Related Discussions:- Financial instruments - ias 32 and ias 39

Difference between internal audit and external audit, Explain The Differenc...

Explain The Difference Between Internal Audit And External Audit? Ans) The internal audit is performed to help the management. The weakness of the management is disclosed

Relevance, Relevance The auditor obtains evidence either through compli...

Relevance The auditor obtains evidence either through compliance testing of the internal controls or through substantive tests of the information contained in the financial sta

Judgmental sampling, Judgmental Sampling Judgment sampling is where th...

Judgmental Sampling Judgment sampling is where the auditor using his own experience and knowledge of the client's business and circumstances selects the sample to be tested wi

Measures taken by the individual auditor, Measures To Be Taken By the Indiv...

Measures To Be Taken By the Individual Auditor Proper recruitment and training of all staff; Allocating staff to particular audits where they have the appropriate skills;

Cost and authorization - auditing process, Cost and Authorization - Auditin...

Cost and Authorization - Auditing Process The cost of building and land acquired while the year should be vouched to suitable documentation.These are contract of sale, surveyo

Fraudulent financial reporting, Fraudulent financial reporting Involves...

Fraudulent financial reporting Involves intentional misstatements or errors of amounts or disclosures in financial statements to mislead financial statement users. Fraudulent f

Financial audit, In a financial audit, management assertions or financial s...

In a financial audit, management assertions or financial statement assertions is the set of information that the preparer of financial statements (management) is providing to anoth

Non-statutory audits, Non-statutory Audits The non-statutory audits ar...

Non-statutory Audits The non-statutory audits are performed through independent auditors sicne the owners, proprietors, trustees, members and governing and professional bodie

Process to adopt liabilities, Process to Adopt Liabilities It is signi...

Process to Adopt Liabilities It is significant that the auditor realises which such liabilities can exist and he should obtain reasonable steps to unearth them whether they ex

Transaction Class Narratives, Prepare a narrative describing the transactio...

Prepare a narrative describing the transaction cycle process for debt in a municipality.

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages