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Verification Procedures - Investment
Verification actions should follow the common approach outlined in favor of tangible noncurrent assets. Conversely the following particular points should be noted.
Additional Consideration - ISA 501 Audit Evidence for individual Items states such audit actions relating to long term investments simply involve considering evidence as to where the entity has the capability to continue to hold the investments on a long term basis, the matter discussing along with management and obtaining written representations to such effect.
if a proxy is voted as per his judgement other than member prescribed to him... what is the action to be taken?
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Higher normal risk Several audit assignments involve high audit risk and usually in any client there will always be at least one high risk area. Indications that an audit has
Furniture, Fixtures and Disposal of Non-Current Assets Furniture, fixtures and fittings The only matter here to note is the depreciation of fittings and fixtures. Since
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
Existence - Detailed Audit of Stock In the previous the auditor accepted a director's certificate as to the existence of stocks. Until some cases specifically in the United S
Disclosure Requirements - Investment In common terms, the following items have to be disclosed in the concern to all investments: (a) The accounting policies about:-
Suppose soyola cooking oil company takes over ZamGold cooking oil for an amount in excess of the value $500,000. A) What intangible assert will Soya create in its books which the a
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four factors which influence the reliability of audit evidence
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