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Necessity of Transactions with Related Parties
Transactions along with related parties are essential for several reasons:
(a) Several financial scandals including related parties frequently show in the headlines;
(b) A fair and important view of the entity's conditions may not be specified unless full disclosure is made;
(c) Statutory utilization must be compiled along with e.g. loans for directors.
Using the 30 September 2011 trial balance (appendix to this case study) calculate planning materiality and include the justification for the basis that you have used for your calcu
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what is tolerable error?
Statutory Audit is a mandatory audit done by a CA. Finance Audit is conducted by the CA to compliance the legal supplies of monitory issues. If the audit for a business or an orga
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WHAT OF COST OF JOURNAL ENTRY?
Problem 10.42 An investment of $83 generates after-tax cash flows of $49 in Year 1, $67 in Year 2, and $131 in Year 3. The required rate of return is 20 percent. The net presen
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