Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Going Concern Considerations - Audit Process
IAS 1 Presentation of Financial Statements knows the going related assumption as one of the fundamental assumptions that underlie the periodic financial statements of enterprises. The meaning of going related can be said to be such the financial statements assume which the enterprise will continue in operational existence for the foreseeable future, or place another way the financial statements assume no intention or requirement to liquidate or curtail considerably the scale of operation or place more easy that the enterprise can meet its financial obligations like they fall due. The going related idea is very fine established in accounting and there is an authoritative document, ISA 570 Going related. The student is recommendation to read it in detail. The points to note still are:
i. The significance of the principle
ii. The auditor's responsibility
iii. Showing of the inapplicability of the principle
iv. Counter shows
v. Audit process
vi. The impact on audit reports in exercise.
History - True and Fair International Standards on Auditing (ISAs) make it quite clear that the terms 'true and fair' and 'present fairly' which are used in audit reports in m
Describe How does the internal audit differ from an external audit? Ans) Internal audit nothing but the checking the product that you formed. External audit is checking you
IAS 20 Accounting for Government Grants and Disclosures IAS 20 Accounting for government grants and disclosures of government assistance The auditor needs to verify the
Assertions about account Assertions about account balances at the duration end: a) Existence -assets, equity and liabilities interests exist. b) Obligations and Ri
Types of audits As far we have tended to think in state of the audit of limited companies, and certainly, the emphasis during this text will be on that companies incorporated
Stock Taking - Audit Process The procedures for carrying out physical stock taking vary in detail according to the circumstances and size of the business and the life of its
Factors Affecting and Controlling Occupational Health (i) Walking-Working Surface Workers must work or move on different surfaces while working. Such - surfaces are cha
Presentation and Disclosure - Audit Process Specific presentation involves presentation in accordance along with the suitable IFRS/IAS or International Accounting Standards.
how to analysis
Fitri, a sole proprietor in pulic practice, plans to establish a separate department that will provide internal audit service to his audit clients.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd