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!
IAS 27 - Audit Process
IAS 27 applies to the presentation and preparation of consolidated financial statements for a group of entities within the control of a parent. It as well applies to accounting for investments in associates and subsidiaries, and jointly controlled entities in the separate financial statements of a parent.
Summary of IAS 27
A parent presents consolidated financial statements whether it consolidates its investment in subsidiaries as those entities such it controls; unless certain situation is met allowing it not to organize consolidated financial statements. The financial statements that are consolidated are prepared through uniform accounting policies. The reporting date of the parent and the subsidiaries of it shall not be much more than 3 months apart.
Whenever separate financial statements are ready, investment in subsidiaries, and associates and jointly controlled entities should be accounted for either on cost or in accordance along with IAS 39. The same accounting should be applied for each group of investments. IAS 27 identifies disclosures to be made in consolidated and divide financial statements.
Fraudulent financial reporting Involves intentional misstatements or errors of amounts or disclosures in financial statements to mislead financial statement users. Fraudulent f
Necessity of Transactions with Related Parties Transactions along with related parties are essential for several reasons: (a) Several financial scandals including related p
strongest mediul of communication
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
Existence - Audit Process In the case of tangible assets existence is confirmed through the auditor visually, considering the asset examining and concerned its condition. Thi
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
Examination of Deeds Make Sure that the mortgage is in the name shown in the advance records; That there is a document of title to the property within mortgage and that
AUDIT RISK As we have seen many parties rely on the audit opinion to make decisions, and therefore it is now a well established fact that if the auditor gives an audit opinion
Reporting to the members Except the faults and irregularities outcome in the accounts not giving an accurate and fair view, or do not conform to statute, or appropriate books h
Share Capital - Audit Process Share capital is a special type of liability and when it has been issued during the year then verification procedures are as follows: 1. Confirm
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd