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

Audit of current assets, Audit of Current Assets Verification of Wor...

Audit of Current Assets Verification of Work and Stocks in Progress Authoritative documents: IAS 2/ISA 500/501 IAS 1 Preparation of financial statements requires inv

What method would you use to test an individual account bal., You are audit...

You are auditing the accounts receivable balance of a cable television provider. Individual accounts receivables tend to be similar in amount to each other and cover one or two mon

Key audit areas - building society, Key Audit Areas - Building Society ...

Key Audit Areas - Building Society 1. The auditor must examine the process for checking deeds on receipt from the lawyers to ensure such they are complete in accordance along

#TITLE, WHAT OF COST OF JOURNAL ENTRY?

WHAT OF COST OF JOURNAL ENTRY?

Checking consolidation papers, Checking consolidation papers The audito...

Checking consolidation papers The auditor pays particular attention to the calculation of: Goodwill arising on acquisition and consolidation Pre-acquisition and post-

Auditors procedures during stock taking, Auditors Procedures During Stock T...

Auditors Procedures During Stock Taking The main task during stock taking is to ascertain where the client's employees are carrying out their commands properly. It is particul

Test clerical accuracy of inventory listing, You have been assigned to carr...

You have been assigned to carry out a stock take in a company. Your Audit Supervisor has given you with an audit programme. As part of a briefing session to your juniors, you a

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;

Audit evidence, State four factors considered determining sufficiency of a...

State four factors considered determining sufficiency of audit evidence

Reliability - sources of evidence, Reliability - Sources of evidence R...

Reliability - Sources of evidence Reliability of audit evidence is influenced through its nature and its source and since it is dependent upon the specific circumstances, we c

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