Explain five audit procedures for subsequent events

Assignment Help Accounting Basics
Reference no: EM133103544

Question - Under the provision of the Companies Act, the directors' report is required to disclose any transaction or event of a material and unusual nature which had occurred between the end of the financial year and the date of the directors' report. Explain FIVE audit procedures for subsequent events.

Reference no: EM133103544

Questions Cloud

Find out the value of a farm today : Find out the value of a farm today, if it produces semiannual post payable income in perpetuity of € 2,800. The operation is valued at 5% annual cash
Psychological and intellectual stimulation : Describe the basic elements you would include in a childcare facility that would provide physical, psychological, and intellectual stimulation
Prepare journal entries to record purchase of mawar shares : On 1 January 2014, Kenchana Bhd acquired 2,000,000 ordinary shares of Mawar bhd. Prepare journal entries to record the purchase of Mawar Bhd shares
What is the difference on acquisition : Mary Limited acquired the identifiable assets and liabilities of Joan Limited for $530,000. What is the difference on acquisition
Explain five audit procedures for subsequent events : Under the provision of the Companies Act, the directors' report is required to disclose any transaction or event. Explain audit procedures for subsequent events
Response to intervention and multi-tiered systems of support : An explanation of what factors determine appropriate student placement within the RTI tiers. Refer to your example student group to illustrate specific ideas.
Calculate rohm total dividends : Calculate Rohm's total dividends for 2020 under each of the following policies: Its 2020 dividend payment is set to force dividends to grow
Demonstrate professionalism and model appropriate behavior : What are some specific ways teachers can demonstrate professionalism and model appropriate behavior in and out of the classroom?
What is the current value of this share : The company did not pay a dividend last year and is not expected to do so for the next two years. What is the current value of this share

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a traditional income statement

Question - Traditional and Contribution Format Income Statements. Prepare a traditional income statement. Prepare a contribution format income statement

  Would go to the bank and borrow

You employ 50 people and you have a turnover of £4 million. Would you invest £100,000 pounds? Would you go to the bank and borrow £100,000?

  What type of investment the Dressage stock is for Rusty

Accounting for equity method On January 1, 2016, Rusty, Inc. decides to Requirements invest in 12,250 shares of Dressage stock when the stock is selling.

  Prepare the journal entry for sorter company

At the end of 2012 Sorter Company has accounts receivable of $900,000, Prepare the journal entry for Sorter Company to write off the Ordonez receivable

  Knowing that the companys former cfo and ceo not only got

knowing that the companys former cfo and ceo not only got in trouble for fiduciary responsibility violations but irs

  Determine the amounts of any cash inflows or outflows

Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2017

  Discuss company report for its net bond liability balance

what would the company report for its net bond liability balance after its first interest payment on March 31, 2017

  Traditional u.s. gaap method of revenue recognition

The traditional U.S. GAAP method of revenue recognition fulfills the needs of the International Financial Reporting System? Why, or why not?

  Calculate the gross profit and gross profit percentage

Calculate the Gross Profit and Gross Profit Percentage for this year and last year, creating a small table

  Assume that one of bonos major competitors has a margin of

bono manufacturing makes a product that currently sells for 20 each. the variable costs to make this product are 12 per

  At an activity level of 6000 units the cost for

at an activity level of 6000 units the cost for maintenance is 7200 and at 10000 units the cist for maintenance is at

  Prepare general journal entries to record transactions

Problem - Presented below is information related to Wyrick Company: Prepare the general journal entries necessary to record these transactions

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