Ias 40 investment properties - audit evidence, Auditing

Assignment Help:

IAS 40 Investment Properties - Audit Evidence

Typical audit evidence might include:

  • Physical verification of the situation and location of the investment property and confirmation such it is not owner occupied.
  • Valuer's report where internal or external including the time(s) of valuation; base required for open market, suppositions made as e.g. full occupancy, etc
  • The experience, qualifications and objectivity of the valuer's
  • The estimation of individual gains or else losses on properties disposed of.
  • Representations from or else enquiries of management in respect of the treatment of investment properties
  • Review of earlier information for consistency as e.g. financial statements from earlier years
  • Management's impairment review, whether any
  • The proposed note disclosure reflecting the fair and true override.

Related Discussions:- Ias 40 investment properties - audit evidence

#first audit#, #what are the procedures of conducting audit for the first t...

#what are the procedures of conducting audit for the first time#

Proxy, if a proxy is voted as per his judgement other than member prescribe...

if a proxy is voted as per his judgement other than member prescribed to him... what is the action to be taken?

Auditors independence, Identify and explain FIVE risks to independence aris...

Identify and explain FIVE risks to independence arising in carrying out your audit

Inclusion in a report of investigation, Question : (a) Describe the fol...

Question : (a) Describe the following terms: 1) Forensic Accounting; 2) Forensic Investigation; 3) Forensic Auditing. (b) Explain the basic elements to consider for

Timing of tests of control, Timing of Tests of Control - AUDITOR should per...

Timing of Tests of Control - AUDITOR should perform tests of controls over a period of time which is adequate to determine whether, as of the date specified in management's report,

Financial institutions and banks - audit situations, Financial Institutions...

Financial Institutions and Banks - Audit Situations Financial Institutions Because of the recent collapse of many financial institutions, this is still a heavily regu

What is an audit process, In previous times, the Kings used to hear their a...

In previous times, the Kings used to hear their accountants narrate the accounts verbally. Though, as the complexity of the accounting function grew, require was felt to thoroughly

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