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!
Types of Transaction - Related Party
Fundamentally two types of transactions which arise between a related party and a company as:
A. It is usual for members of a collection to trade along with each other. Those entered in the ordinary course of business.
B. Those not engaged in the ordinary course of business or that may include misleading presentation of the accounts or fake on the company, its creditors or members.
Type (a) commonly deserves no individual audit attention. However the auditor must ensure which they in realty arise in of business at arm's length in the ordinary course.
Type (b) is whether problems may arise and whether scandals have occurred.
The Companies Act prohibits loans to directors and where they happens utilizes full disclosure. The law not allows for the giving of financial assistance about the purchase of or subscription for a company's own shares. The rights of directors the law restricts to acquire non-cash assets from the company or about the company to attain non-cash assets from its directors. Significant shareholding of more than 5% must be notified into the company within seven days.
Statistical sampling – Advantages a) It is scientific and defensible; b) It provides a precise mathematical statement about probabilities of being correct; c) It is efficie
Fitri, a sole proprietor in pulic practice, plans to establish a separate department that will provide internal audit service to his audit clients.
Planning for Stock taking Stock taking should be planned well in carried out and advance carefully and systematically through persons fully informed of the duties involved. Th
nature and scope
You are the partner in charge of the audit of Drugs4U Ltd, a company which develops, manufactures and sells to the a trade market a wide range of drugs which promote healthy living
1. On 5 August 2012, the financial controller informed you that the board has recently received a letter from the assistant general manager, Mr. Tan. The letter contains a confessi
State the FIVE threats contained within Auditor''s Code of Ethics and Conduct and for each threat list ONE example of a circumstance that may create the threat.
Deposits and Share - Building Society Shares may make of subscription shares and paid up shares. Interest on shares might be credited to ensure specific control to the account
Benefits of Internal Audit are following: It is in-expensive. No charted accounted is needed to audit internally. Faults will be removed before preparing financial stateme
IFRS 5 Non-Current Assets IFRS 5 Non-Current Assets Held for Discontinued and Sale Operations The Discontinuing Operation is a component of an enterprise: (a) Such the
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